Budget 2023: In a wishlist, telecom operators body seeks cut in licence fee; waiver in customs duty for 5G network gear
In its Budget wishlist submitted to the finance ministry, the Cellular Operators Association of India (COAI) has also pushed for abolition of the Universal Service Obligation Fund or USOF.
Mobile operators' association COAI has urged the government for a cut in licence fee to 1 per cent, and sought waiver of customs duty on network equipment for 5G rollout.
In its Budget wishlist submitted to the finance ministry, the Cellular Operators' Association of India (COAI) has also pushed for abolition of the Universal Service Obligation Fund or USOF.
The apex telecom association has urged the government for rationalisation of GST, reduction of licence fee to 1 per cent from 3 per cent and waiver of customs duty on 5G network equipment.
Click Here For Latest Updates On Stock Market | Zee Business Live
During the pre-Budget discussions held on Monday, COAI also sought removal of GST on licence fee, spectrum usage charges and payment of spectrum acquired in auctions.
Other demands include refund of accumulated input tax credit of GST (Rs 32,000 crore) and clarification regarding availability of input tax credit on critical equipment installed on telecom towers.
COAI counts telecom operators like Reliance Jio, Bharti Airtel and Vodafone Idea as its members.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.