GST Rates: Lesser talktime, higher phone bills under GST regime - News Summed Up

GST Rates: Lesser talktime, higher phone bills under GST regime


NEW DELHI: Mobile phone bills are expected to go up while recharges would yeild less talktime for prepaid customers from tomorrow under the new GST tax regime.Under the Goods and Services Tax (GST), telecom services would be taxed at 18 per cent compared to 15 per cent currently. This means that a user would get a talktime of about Rs 80 on a recharge of Rs 100, compared to about Rs 83 earlier.What is GST? Read here Similarly, costs for postpaid users would also go up to the extent of three percentage points. "It is only tomorrow once we start recharging for customers that we will get to know how much talktime the customer is getting. Telecom operators are already under intense pressure, inflicted by newcomer Reliance Jio's competitive pricing.


Source: Times of India June 30, 2017 15:00 UTC



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