‘Telcos will pay GST along with instalments towards spectrum charges’

Telecom companies will have to pay GST along with the instalments paid towards spectrum charges, a senior official said.

The Department of Telecom (DoT) will hold the next round of spectrum auction on June 6 for eight spectrum bands meant for mobile phone services. The base price for the auction has been set at Rs 96,317 crore.

The spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments in the coming mega auction.