New Delhi: India’s telecom tower<\/a> body has urged the telecom department<\/a> and finance ministry<\/a> for inclusion of towers in the definition of items eligible to avail input tax credit<\/a> under the GST Act<\/a>. 新德里:印度的电信塔身体已经敦促电信部门和财政部塔的包含项目资格的定义效果进项税信贷下销售税法案。 New Delhi: India’s telecom tower<\/a> body has urged the telecom department<\/a> and finance ministry<\/a> for inclusion of towers in the definition of items eligible to avail input tax credit<\/a> under the GST Act<\/a>.
\"Currently, the telecom infrastructure providers can not avail of the Input Tax credit against GST<\/a> paid by them on telecom towers, which acts as an impediment to make further investments,” said T.R.Dua, Director-General, Tower and Infrastructure Providers Association (TAIPA<\/a>).
“Although under the Central Goods and Services Tax Act, 2017 (“CGST Act”), GST credit is available for plant and machinery, but Telecommunication towers have been specifically excluded from the definition of plant and machinery provided in Explanation to Section 17 of the CGST Act. It would be pertinent to note that the draft GST bill had envisaged provision of the input tax credit on telecom towers; however, this provision was removed in the GST Act, 2017,\" he said.
As per TAIPA estimates, due to the non-availability of Input Tax Credit, the industry has to incur a loss of Rs 1.25 Lakh -1.5 Lakh per tower.
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“Thus, during the last 4-5 years, the Industry has already lost Rs 2500 Cr of ITC<\/a> so far. Going forward, the demand for telecom towers is likely to cross 50,000 towers on account of 5G, etc, which will lead to an additional loss of Rs 625 Cr to the Industry,” the body said.
The apex body has written to Ms. Aprajita Sharma, DDG(BPF), Department of Telecommunications (DoT<\/a>) for urgent support and intervention regarding the issue of non-availability of Input tax credit on telecom towers, it said.
Further, this issue had been taken up by TAIPA during the recent meeting with the Secretary, telecom on 6th January 2021, so that it can be taken up with Finance Ministry prior to the finalization of Annual Budget, which will be finalized very soon.
The telecom towers were specifically exempted from the definition of plant and machinery under section 17(5)(d) of GST Act, 2017 which deprived infrastructure providers from availing the Input Tax credit against GST paid on telecom towers.
“Hence, the industry has been requesting for the inclusion of telecom tower under the definition of Plant and Machinery so that Input Tax Credit can be made available on telecom towers, since the last 4-5 years.”
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“目前,电信基础设施提供商不能输入税收抵免的效果销售税由他们支付电信塔,它充当一个障碍进一步投资,”西奥多说Dua、总干事、塔和基础设施提供商协会(氹仔)。
“尽管中央商品及服务税法案,2017年(“CGST法案”),销售税信贷用于工厂和机械,但电信塔已经明确地排除在工厂和机械的定义中提供解释部分17 CGST法案。是相关的注意,销售税法案草案设想提供了进项税信贷电信塔;然而,这一规定消费税法案被免职,2017年,”他说。
“因此,在过去的4 - 5年,这个行业已经失去了Rs 2500 Cr美国国际贸易委员会到目前为止。展望未来,电信大楼的需求可能会跨越50000大楼的5 g,等等,这将导致额外的Rs 625 Cr产业的损失,”身体说。
顶体写了Aprajita Sharma女士,干玉米酒糟(带通滤波器),电信部(点)紧急支持和干预的问题不可进项税信贷电信塔,它说。
进一步说,这个问题已经被氹仔在最近会见国务卿时,电信2021年1月6日,以便它可以与终结前财政部的年度预算,将很快完成。
电信大楼特别免除工厂和机械的定义在17节(5)(d)的销售税法案,2017年从主张剥夺基础设施提供商对销售税的进项税信贷支付电信塔。
“因此,业界一直请求包含电信塔工厂和机械的定义下,进项税信贷可以在电信大楼,自从上次4 - 5年。”
\"Currently, the telecom infrastructure providers can not avail of the Input Tax credit against GST<\/a> paid by them on telecom towers, which acts as an impediment to make further investments,” said T.R.Dua, Director-General, Tower and Infrastructure Providers Association (TAIPA<\/a>).
“Although under the Central Goods and Services Tax Act, 2017 (“CGST Act”), GST credit is available for plant and machinery, but Telecommunication towers have been specifically excluded from the definition of plant and machinery provided in Explanation to Section 17 of the CGST Act. It would be pertinent to note that the draft GST bill had envisaged provision of the input tax credit on telecom towers; however, this provision was removed in the GST Act, 2017,\" he said.
As per TAIPA estimates, due to the non-availability of Input Tax Credit, the industry has to incur a loss of Rs 1.25 Lakh -1.5 Lakh per tower.
<\/p>Read also<\/h4>
<\/a><\/figure>TAIPA wants telecom infrastructure personnel in priority list for COVID-19 vaccine<\/a><\/h5><\/div>
<\/a><\/figure>Tower body urges DoT to expedite implementation of TRAI recommendations on active telecom infra sharing<\/a><\/h5><\/div><\/div><\/div>
“Thus, during the last 4-5 years, the Industry has already lost Rs 2500 Cr of ITC<\/a> so far. Going forward, the demand for telecom towers is likely to cross 50,000 towers on account of 5G, etc, which will lead to an additional loss of Rs 625 Cr to the Industry,” the body said.
The apex body has written to Ms. Aprajita Sharma, DDG(BPF), Department of Telecommunications (DoT<\/a>) for urgent support and intervention regarding the issue of non-availability of Input tax credit on telecom towers, it said.
Further, this issue had been taken up by TAIPA during the recent meeting with the Secretary, telecom on 6th January 2021, so that it can be taken up with Finance Ministry prior to the finalization of Annual Budget, which will be finalized very soon.
The telecom towers were specifically exempted from the definition of plant and machinery under section 17(5)(d) of GST Act, 2017 which deprived infrastructure providers from availing the Input Tax credit against GST paid on telecom towers.
“Hence, the industry has been requesting for the inclusion of telecom tower under the definition of Plant and Machinery so that Input Tax Credit can be made available on telecom towers, since the last 4-5 years.”
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