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Telcos can claim ITC on key infra spends
The Morning Standard
|November 21, 2024
IN a relief for the telecom industry, the Supreme Court on Wednesday ruled in favour of major telecom service providers like Bharti Airtel, Vodafone Idea and Reliance Jio, allowing them to claim input tax credit (ITC) on key infrastructure components such as tower components, shelters, and other related materials.
The judgment overturned a 2014 ruling by the Bombay HC, which had classified these items as non-capital goods, denying telcos the right to claim ITC.
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