gst in india  


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GST Telecom Industry

Indian Scenario:

As per TRAI, India’s total telecom subscriber base touched nearly 430 million for the quarter ending March taking the teledensity up to 37 which included 391.76 million mobile lines and nearly 38 million fixed lines in service .

The Indian telecommunications industry is one of the fastest growing in the world and India is projected to become the second largest telecom market globally by 2010.

The last decade has witnessed exponential growth of telecom sector and number of mobile phone users has increased tremendously. The mobile teledensity coupled with its billion plus population offers immense growth potential for the telecom services sector in the coming years, when compared with growth expectations from most developed markets with tele-densities of over 70-80.

A recent India Specific study released by Indian Council for Research on International Economic Relations (ICREIR), which tries to establish the impact of teledensity on the economic growth of various states of India, has established a significant positive correlation between increase in mobile penetration and growth in output. The study states that a 10% increase in mobile penetration delivers on an average 1.2% increase in output. One of the key findings of the ICRIER study is that the states of India having higher telecom penetration rate show a higher growth.

It is important to note that most of the countries treat telecom and broadband sector as a priority sector and recognize it as a driver of economic and social growth and accordingly levy the taxes in such a way that telecom sector can grow. For India, it becomes increasingly important to keep the rate of GST low on telecom sector which is currently suffering from multiple taxes.

 

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