Tag Archives: ITC

DoT to take up Rs 36,000 crore ITC refund with finance ministry

New Delhi/Mumbai: The Department of Telecommunications will ask the finance ministry to refer the pending issue of refunding input tax credits of telecom companies worth Rs 36,000 crore to the GST Council, a move that could provide further relief to Vodafone Idea and Bharti AirtelNSE -1.33 %. One official said wider consultations are needed on the matter of reducing licence fees for telcos and this ... Read More »