Budget 2022: Demand for telecom companies, refund of input tax credit; License, spectrum charges should be cut

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New Delhi
Telecom companies have demanded refund of input tax credit (ITC) of about Rs 35,000 crore, reduction in charges on license and spectrum usage and removal of GST in the upcoming budget. Telecom industry body Cellular Operators Association of India (COAI), in its recommendations submitted to the government regarding the budget, has said that the government should suspend the Universal Service Obligation Fund (USOF) set up to spread telecom services in rural areas. needed. He says that by doing this the burden on the service providers will be reduced.

Apart from this, telecom companies have demanded refund of unutilized ITC of Rs 35,000 crore, saying that this fund cannot be used in the near future also.

More investment needed to meet the growing demand for connectivity
Seeking reduction in license fee and spectrum usage charges, COAI Director General SP Kochhar has said that companies need to invest more to meet the growing demand for connectivity and reducing the fee burden will help them. Will get Telecom service providers have urged the government to reduce the license fee from three per cent to one per cent and spectrum usage charges by three per cent.

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