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Clarifications Regarding Services Provided by way of Assignment of Spectrum

News and Press Release - Dated:- 14-4-2016 - Any service provided by the Government or a local authority to a business entity has been made taxable with effect from 1st April 2016. Prior to this, only support services provided by Government to busine .....

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ral Board of Excise and Customs (CBEC) explains in a Q&A form the various provisions of the notifications issued in this regard. The Circular can be accessed at http://www.cbec.gov.in/resources//htdocs-servicetax/st-circulars/st-circulars-2016/st .....

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able, whether in full upfront or in installments, for assignment of right to use such spectrum has been exempted from service tax. Furthermore, services provided by Government by way of allowing a TSP to operate as a telecom service provider or use r .....

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respect of the services provided in the past. Under the existing auction system of assigning spectrum, Government has provided the option of either making full upfront payment, or 25%/33% part upfront payment initially and thereafter making payment .....

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d arise, in cases where the assignee chooses to make payment of the auction price in installments under the deferred payment option over a period of 10 years- at the time when a letter is issued by the government communicating the full auction price .....

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nment would severely jeopardise their finances. This has been addressed by the Government by making amendments in the Point of Taxation Rules so as to prescribe that service tax would be payable when the payments, whether full upfront or part under t .....

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cified in any invoice, bill, challan or any other document. Finally, the issue of distributing the input tax credit of service tax paid in respect of the services of the assignment of spectrum over the period of assignment, that is 20 years, was anot .....

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