- GST Council meeting on June 22 to provide clarity for telecom sector
- New guidelines expected on timing of GST for spectrum allotment
- Telecom companies may need to pay GST on licence fees and spectrum usage charges upfront or in instalments
- Experts believe this move will help achieve tax certainty and clarity for the sector
- GST Council likely to discuss levy on spectrum allotment and payment of licence fees and spectrum usage charges
- GST to apply to spectrum-related payments on due date or payment date, whichever is earlier
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
