Govt. directs Telecom cos to "re-jig prices", "re-work" costs, pass GST benefits

Govt. enumerates GST regime benefits that Telecom sector will receive, does detailed calculation of the additional credits that the sector will receive; Govt. says as per some 'estimates', the telecom industry will benefit from additional 2% Input Tax Credit (ITC) which could be as much as 2% of the turnover of the Industry; Govt. further states that entire credit with regards to ITC of Service Tax paid on spectrum charges ( in 2016), can now be availed in one single yea...