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The GST will not be kind to telecom companies at all

The Goods and Services Tax Constitutional Amendment Bill was passed in Parliament late yesterday and while it might take some time for the full implementation and the government is yet to decide the rate it will impose. However, a reports from PriceWaterhouseCooper and the SKP Group point out that the GST will broadly have a negative impact on the telecom sector. Here is how they might affect the telecom operators: - Bills may go up: Currently, telecom services are subject to a 14% service tax. The GST rate is expected to increase to anywhere between 18-20% and telecom companies may pass on this to customers. The GST has a provision for "Necessity Services" which can attract a lower rate. "Given the importance communication services in our lives, they could easily qualify as necessity services," SKP Group argues in its report.…

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