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Telecom companies have to pay service tax for spectrum
Telecom companies have to pay service tax for spectrum
Telecom companies will have to pay service tax along with instalments as part of the deferred payment option under the existing spectrum auction system. However, it is clarified that service tax payable, whether in full upfront or in instalments, for assignment of right to use spectrum has been exempted from service tax. i.e the government has ensured that there is no new tax liability on telecom service providers (TSPs) in respect of the services provided in past.
