GST Impact on Telecom Sector – 18% GST Rate on Telecom Services

GST impact on telecom sector

Indian Telecom sector with its huge reach across the length and breadth of the country is the second largest in the world in terms of the total number of subscribers. Mobile data consumption in India surpassed the combined usage of the US and China in 2017. This was a paradigm shift in the history of telecom sector. The sector even jumped more than 100 spots to occupy first spot in daily data consumption throughout the world. These are great signs for the industry after a period of necessary consolidation forcing some major mergers and bailouts. Read More