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Concerns of telecom sector not addressed in Budget: COAI
By IANS |
Published on
Tue, Feb 2 2021 17:12 IST |
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A man talks over cell phone. (File Photo: IANS). Image Source: IANS News
New Delhi, Feb 2 : The Budget proposals fell short of fulfilling the telecom sector s expectations of a reduction in the burden of levies and some Goods and Services Tax (GST) relief, the Cellular Operators Association of India (COAI) has said. We are a bit disappointed that concerns of the telecom sector, which is the backbone of digital India, remained unaddressed, S.P. Kochhar, Director General, COAI, said in a statement. We were expecting a reduction in the burden of levies, such as LF (Licence Fees) and SUC (spectrum usage charges) on the telecom sector.
February 2, 2021
The telecom industry is not all too thrilled about Monday’s Union Budget for FY2021-22. In a press statement, the Cellular Operators Association of India’s director general Lt. Gen. Dr SP Kochhar said:
We welcome the budget as it is pro-investment and pro-growth. It will provide the much-needed impetus to economic growth post the pandemic and will set us on the path to becoming Atmanirbhar Bharat. However, we are a bit disappointed that concerns of the telecom sector, which is the backbone of digital India, remained unaddressed.
We were expecting a reduction in the burden of levies, such as LF [License Fee] and SUC [Spectrum Usage Charge] on the telecom sector. The Government has also not considered the request of the Industry to exempt the GST from the payment of Govt Levies such as LF, SUC and spectrum instalments etc.