Keeping eye on impact of GST on telecom sector, says Manoj Sinha

By: |
New Delhi | Published: May 25, 2017 1:33:54 PM

Telecom Minister Manoj Sinha today said he is monitoring developments in the sector on account of proposed increase in tax levy on operators under the GST regime, amid fears of hike in prices post July 1.

Telecom operators have said there will be an increase in the cost of phone services after GST is implemented from July 1. (PTI)

Telecom Minister Manoj Sinha today said he is monitoring developments in the sector on account of proposed increase in tax levy on operators under the GST regime, amid fears of hike in prices post July 1. The government has proposed to levy 18 per cent tax on telecom services under the Goods and Services Tax (GST) regime.

“Telecom operators have already been paying 15 per cent tax. 3 per cent difference is there. We are considering that at our level. “They (telecom companies) will also meet GST Council members.

Also watch:

We are monitoring it seriously at our level,” Sinha said while sharing achievements of the government in the last three years.

Telecom operators have said there will be an increase in the cost of phone services after GST is implemented from July 1.

Do you know What is Wholesale Price Index (WPI), Public Debt, Finance Commission Grants & Other Transfers, Economic Survey, State Finance Commission? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.