The matter of reducing GST on telecom services from 18% to 12% is part of the budget exercise, said telecom minister Manoj Sinha in parliament. Photo: PTINew Delhi: The Telecom Department has suggested the finance ministry that goods and services tax (GST) on telecom services be lowered to 12% against the existing 18%, the parliament was informed on Wednesday. Trai felt that a favourable consideration of the matter would help reduce financial stress of telecom players and enable them to offer affordable and quality services to consumers. Trai also found merit in demand of telcos pertaining to reduction in GST rate as well as treating telecom sector as core infrastructure. “Action for obtaining necessary approvals is underway, including consultations with Trai and other government departments,” Sinha added.
Source: Mint December 27, 2017 14:15 UTC