COAI seeks relief measures
    Date :29-Jun-2020

COAI_1  H x W:
Industry body COAI has urged the Government for urgent rationalisation of “high burden” of regulatory levies on telecom service providers (TSPs), including a cut in spectrum charges and licence fee, as it cited adverse impact of the COVID-19 pandemic on the sector.
In a letter to Finance Minister Nirmala Sitharaman, the Cellular Operators’ Association of India (COAI) also made a plea for refund of the unutilised input tax credit immediately. “Else, we request that soft loan at MCLR rate (marginal cost of funding-based lending rate) should be given to companies, using the GST input credit as collateral,” COAI Director General Rajan Mathews said in the letter dated June 26.