The telecom sector is not happy as the Budget 2018 has no provision for any levy cut. Rajan Mathews, director general of Cellular Operators Association of India (COAI), said the sector is saddened to see that telecom, which is the bedrock for moving the digital economy forward, continues to remain an orphan.
He added: “The telecom industry is disappointed that none of its key asks have found mention in finance minister Arun Jaitley’s budget. We had sought a reduction in the high levies and taxes, and an urgent intervention for resuscitating the sector, which is currently experiencing its worst financial health and hyper competition.”
Mathews said the government had completely ignored the sector’s four key demands, including the immediate reduction of high and unsustainable levies & taxes, cut in basic customs duty on 4G network gear, clarity on right of way (RoW) related taxation at the state level and the industry’s call for a lower tax rate to 1% on discounts extended to small dealers.
Mathews said the government had completely ignored the sector’s four key demands, including the immediate reduction of high and unsustainable levies & taxes, cut in basic customs duty on 4G network gear, clarity on right of way (RoW) related taxation at the state level and the industry’s call for a lower tax rate to 1% on discounts extended to small dealers.
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