Higher tax rate of 18% and non-availability of input tax credit will lead to more burden on the overall telecom sector ultimately impacting the tower infrastructure roll out and thereby advance technologies too.
The Indian Telecommunication Infrastructure Industry has always supported and the GST regime as it will help industry bringing in synergies among various departments, taxations and will ultimately enable ease of doing business by creating ‘one nation-one tax’.
The Indian telecommunication sector has undergone a revolutionary transition in the last two decades to become the world’s second largest telecommunication market with more than 1.1bn subscribers connected through 4,50,000 towers mounted with over 15 lakh BTSs. As per the government report, the mobile sector’s contribution to GDP, which is presently 6.5%, will increase to 8.2% by 2020.
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