- Telecom companies must pay 18% GST on spectrum charges
- Department of Telecom (DoT) to hold spectrum auction on June 6 for 8 bands
- Base price for auction set at Rs96,317 crore
- Spectrum to be assigned for 20 years with payments in 20 equal annual installments
- GST to be paid by telecom companies along with each installment
- GST Council likely to clarify payment procedure for winning bidders in next meeting
Source: bizzbuzz.news
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- Ahmedabad Customs Inspector Arrested for Alleged ₹2 Crore IGST Credit Fraud in Export Scam
- ISF Urges GST Cut, Women-Specific Tax Slab to Boost Formal, Inclusive Employment in India
- Punjab Software Engineer Arrested for Designing Fake GST Portal in Multi-State Tax Fraud Bust
- Supreme Court to Decide if Industrial Felt is ‘Fabric’ or ‘Machinery Part’ for VAT Purposes
- Supreme Court Rules: “Parts” Must Functionally Integrate into Machinery, Rejecting End-Use Claims
