ripples advisory, COAI writes to FinMin, seeks cut in GST rates for telecom

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The cellular operators have approached the government for a reduction in the 18 percent GST rate, saying the benefit of input credit is not enough to fully compensate the higher tax incidence in the new regime, reported PTI. The telcos under industry body Cellular Operators Association of India (COAI) have emphasized that reduction in Goods and Services Tax or GST rate is important given that the industry is already suffering from "poor financial health". "...We request that the applicable GST rate for the telecom industry, which is already suffering from poor financial health, is reduced, so as not to increase the burden from the current levels," COAI has said in a letter to the Revenue Secretary.