What is the significance of Telcos being allowed to claim CENVAT credit for towers and shelters by SC
The Supreme Court's decision enables telecommunication companies to claim CENVAT credit for towers and shelters.
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- Telecommunication companies can now reduce their tax liability by claiming CENVAT credit for towers and shelters.
- This decision can lead to increased investments in infrastructure by telcos as they can now save costs on these essential components.
- It provides a level playing field for telecommunication companies by allowing them to offset input tax credit for towers and shelters.
- Increased investments in towers and shelters can lead to improved network coverage and quality of service for consumers.
- Overall, the SC decision can potentially boost the growth of the telecom sector and contribute to its development in the country.
Answered
5 months ago