LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Modi Govt removes double taxation on virtual network operators

The virtual network operator (VNO) will be an entity providing telecom services like mobile landline and Internet, but only as a retailer for full-fledged telecom operators such as BSNL, MTNL, Airtel and the like.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Modi Govt removes double taxation on virtual network operators
The entry of VNOs is expected to push down the cost of offering telecom services for the companies and even give them room to slash tariff. Image source: PTI
Written By: PTI
Updated: Fri, Oct 26, 2018
06:58 am
New Delhi, PTI
RELATED NEWS
DoT receives applications from 70 companies for MVNO license DoT receives applications from 70 companies for MVNO license

The government has removed double taxation on virtual network operators, entities that can resell telecom services, to make doing business easy, Telecom Minister Manoj Sinha said Thursday.  Virtual network operators can claim set-off on input cost for which charges have already been paid by parent operator.

"For the sake of ease of doing business, we have removed double taxation on virtual network operators, " Sinha told reporters at the India Mobile Congress.

Under modified rules the Department of Telecom has decided to deduct payments for resources taken by Virtual Network Operators (VNOs) from telecom service providers, thereby reducing levies payable by VNOs. "This avoids double taxation at various stages," Sinha said.

The virtual network operator (VNO) will be an entity providing telecom services like mobile landline and Internet, but only as a retailer for full-fledged telecom operators such as BSNL, MTNL, Airtel and the like.

The entry of VNOs is expected to push down the cost of offering telecom services for the companies and even give them room to slash tariff.

The Department of Telecom (DoT) has received over 70 applications seeking permission to provide telecom services.
Telecom Secretary Aruna Sundararajan said VNOs will need to pay licence fee but they can claim set-off on input cost incurred by them.

To push ease of doing business, the government announced new National Frequency Allocation Plan. Under the plan, the government exempted over 30 licence bands for short range devices, Ultra-Wideband Devices and additional spectrum for machine-to- machine services. 

Under the new NFAP, the government announced releasing of 605 MHz license exempt spectrum in 5GHz band for Wireless Access Services.

India signalled its spectrum plans for 5G services aspiring to adopt the next generation technology as a leading market.

Sinha at the event reiterated India's readiness to start 5G services at par with advanced nations of the world and achieve broadband access for all as envisaged under National Digital Communications Policy.

Watch this Zee Business video 

 

The minister announced that the industry will rollout one million WiFi hotspots in the country by December 2019, which is another step towards the digital empowerment of the nation.   

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Mobile Virtual Network OperatorsIndian telecom market
RELATED NEWS
DoT receives applications from 70 companies for MVNO license DoT receives applications from 70 companies for MVNO license

LATEST NEWS

Anil Singhvi says markets will continue to remain volatile; closing above 15100 on Nifty will set stage for new highs

Important news for BPCL investors: Anil Singhvi decodes Numaligarh stake sale, says set to get top valuation

'Special Picks' with Anil Singhvi: Cochin Shipyard is a 'must' buy, say these analysts-check price targets

After petrol-diesel and LPG cylinder prices increase, CNG, PNG rates hiked in Delhi-NCR too from today

Samsung Galaxy A12 Review: Smartphone ticks the right boxes in budget segment

Anil Singhvi’s Strategy March 2: Day support zone on Nifty is 14,700-14,750 & Bank Nifty is 34,800-35,000

Airtel buys radiowaves worth Rs 18,699 cr; VIL says spectrum acquired in 5 circles to boost 4G play

Mid-cap Picks with Anil Singhvi: GATI, Swaraj Engines, Bharat Dynamics are Sacchitanand Uttekar recommendations today

Salary up to Rs 1.8 lakh! Apply for these government vacancies on fci.gov.in

Gujarat Election Result: Another big win for BJP, defeat for Congress! Check latest seats update in local body municipal, panchayat and taluka polls

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved