Telcos seek Rs 35k cr GST refund, pending payment of Rs 20k cr from state-run firms

New Delhi: The telecom industry on Wednesday reiterated the demand for a refund of Rs 35,000 crore GST credit and pending payment of around Rs 20,000 crore dues owed by public sector firms to various operators, saying that Finance Minister Nirmala Sitharaman has assured to clear outstanding amounts of MSMEs in 45 days under the new stimulus measures.

“The Finance Minister’s announcement is in line with the government’s aim to provide the necessary impetus to economic growth and build a ‘self-reliant’ India. We welcome the announcement of all pending payments within 45 days from PSEs to the MSME sector.