No Refunds For Telecom Tower Companies Under GST Regime

The telecom tower companies will not get refunds on their tax payments pertaining to their inputs, under the one nation one tax regime. In the final draft of GST Bill, the refunds called as input tax credit have been removed. GST Council decided that no input tax credit should be there for telecom tower companies.

As per Pratik Jain, leader, Indirect Tax, PwC, the government should revisit the position & provide credit to the tower companies, or else it will be passed to end consumers. Bharti Airtel off-loaded a 10.3 % stake in Bharti Infratel, for Rs 6,193.9 crore to a consortium of global PE firms, KKR & Canada Pension Plan Investment Board (CPPIB).

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