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Home INTERNATIONAL Telcos seek refund of unutilised ITC, lower in spectrum costs, licence fee

Telcos seek refund of unutilised ITC, lower in spectrum costs, licence fee

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Sector human body COAI has urged the federal government for urgent rationalisation of “high burden” of regulatory levies on telecom company providers (TSPs), which include a slash in spectrum fees and licence fee, as it cited adverse impression of the Covid-19 pandemic on the sector.&#13
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In a letter to Finance Minister Nirmala Sitharaman, the Mobile Operators’ Affiliation of India (COAI) also created a plea for refund of the unutilised input tax credit straight away.&#13
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“Else, we ask for that smooth bank loan at MCLR rate (marginal price tag of funding-primarily based lending rate) should be given to providers, employing the GST input credit as collateral,” COAI Director General Rajan Mathews claimed in the letter dated June 26.&#13
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The association has also urged the federal government to rationalise the “high load of the regulatory levies on the TSPs with quick result” citing “the adverse impression on the economic climate and operations of the electronic communication sector owing to the Covid-19 pandemic”.&#13
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“The efficient rate of the spectrum utilization cost (SUC) need to be minimized by 3 for each cent for all the telecom provider providers…licence fee contribution really should be immediately introduced down from 8 per cent to 3 for each cent,” Mathews claimed.&#13
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On the issue of products and services tax (GST) or provider tax, COAI said levy of GST really should be exempted on licence costs, SUC and payment of spectrum acquired in auctions.&#13
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“Exempt company tax on volume of licence fee/spectrum utilization expenses payable by telecom operators in compliance with…Supreme Courtroom order,” COAI reported.&#13
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COAI highlighted that it represents all main telecom company vendors, community equipment companies, e-commerce, digital content vendors, infrastructure providers and know-how associates.&#13
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All major gamers in these sectors, including Reliance Jio, Vodafone Strategy, Bharti Airtel, Nokia, Ericsson, Sterlite, Indus, Cisco, Facebook, Google, Amazon, are customers of COAI.&#13

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