After GST regime, telecom companies would be required to re-work their costing and credits availability and re-jig their prices and ensure that the increased availability of credit is passed on to the customers by lowering their costs https://www.taxtmi.com/news?id=18089 Telecommunication services will attract GST as a Value Added Tax with full availability of input tax credit, including IGST on domestic and imported goods and accelerated credit for previously staggered spectrum related service tax. The expanded input tax credit regime substantially reduces telecom cash tax outflow versus prior service tax and cess arrangements, requiring operators to rework costing and pass increased credit availability to customers by lowering prices. en-us Fri, 26 May 2017 17:54:32 +0530 Fri, 26 May 2017 17:54:32 +0530 TaxTMI RSS Generator After GST regime, telecom companies would be required to re-work their costing and credits availability and re-jig their prices and ensure that the increased availability of credit is passed on to the customers by lowering their costs https://www.taxtmi.com/news?id=18089 Telecommunication services will attract GST as a Value Added Tax with full availability of input tax credit, including IGST on domestic and imported goods and accelerated credit for previously staggered spectrum related service tax. The expanded input tax credit regime substantially reduces telecom cash tax outflow versus prior service tax and cess arrangements, requiring operators to rework costing and pass increased credit availability to customers by lowering prices. News - Fri, 26 May 2017 17:54:32 +0530 https://www.taxtmi.com/news?id=18089