Govt asks Airtel, Vodafone Idea, others to pay balance AGR dues without delays: Sources
Government has asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order.
The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order, according to sources.
The telecom department wrote to all the telcos asking them to pay balance dues "without delay" and also submit detailed bifurcation of payments (explanation of self assessed amounts), which are necessary for proper reconciliation of legitimate dues.
See Zee Business live streaming below:
The government has so far received about Rs 26,000 crore from AGR payments, including adhoc/ buffer amounts given by telcos to meet any reconciliation differences.
However, the amounts paid by telcos is woefully lower than the DoT's Adjusted Gross Revenue (AGR) calculation.
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.