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Telcos seek ITC refund of ₹35,000 cr, GST waiver on licence fee in Budget
short by Subhangi Singh / on Saturday, 15 January, 2022
Telecom operators are seeking a refund of around ₹35,000 crore in input tax credit (ITC), reduced levies and GST waiver on licence fees and spectrum usage in the upcoming Budget. In its pre-Budget recommendations, telecom industry body Cellular Operators Association of India (COAI) also asked the government to suspend universal service obligation fund (USOF) to reduce burden on service providers.
read more at Moneycontrol