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IMPACT OF BUDGET ON TELECOM INDUSTRY

Budget - By: - Mr. M. GOVINDARAJAN - Dated:- 6-4-2016 - The Telecom industry is key industry which earns income to the exchequer. The industry is piercing in the rural area. As on 31.01.2016, 1017.97 million wireless phones and 25.32 million wire lines, totaling 1043.29 million connections are working in India. The share of urban subscribers is 57.27% and the share of rural subscribers is 42.73%. This is not the limit and it is expected to grow still further. The number of broadband subscribers .....

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from the budget. In this article it is discussed whether the Finance Minister fulfilled the desire of the Telecom Industry. In his budget, the Hon ble Finance Minister proposed to declare the assignment by the Government of the right to use radio frequency spectrum and its subsequent transfers as a service and not a sale of intangible goods, on which service tax can be levied. But on the other hand the telecom companies had termed the budget proposal to levy service tax on spectrum allocation as .....

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ary allocation to Department of Telecom includes- Rs.0.17 billion towards regulatory bodies - TRAI and TDSAT; Rs.27.55 billion for USO Fund; Rs.3.03 billion for DoT projects; Rs.27.1 billion for Network for Spectrum Project. BSNL will receive ₹ 22 billion as a refund for the 4G and CDMA spectrum it has surrendered. MTNL will receive a total support of ₹ 4.28 billion, including a refund for the 5MHz of spectrum that it surrendered in the Delhi and Mumbai circles and refund of MAT and .....

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it has been indicated that domestic manufacturing will attract only 2% excise duty while imports will face 29.441% duty. All the Government services have been made liable to service tax to be paid by recipient of service provider under Reverse charge mechanism with effect from 01.04.2016. The Government also proposed that the CENVAT credit of the tax imposed on such assignment be deferred over the duration of the licence period. The Finance Ministry has also proposed a new dispute resolution sc .....

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