GST rules for cell towers a ‘regressive’ step: TAIPA

Mobile tower companies have termed the government’s move to not allow tax adjustments on bills they raise to telecom operators as “a retrograde and regressive step”, saying it will adversely impact telecom infrastructure rollout in the country. Mobile tower companies will also need to pay 18% tax on services they provide to telecom operators. Their is no input credit or tax refund provision availa…