AGR woes: Bharti Airtel, Vodafone Thought to pay telecom dues after Supreme Court docket listening to subsequent week; deadline ends at present
New Delhi: Bharti Airtel and Vodafone Thought have communicated to the telecom division that they won’t pay AGR dues of Rs 88,624 crore, the deadline for which ends on Thursday, and can anticipate the result of modification petition listed for listening to earlier than the Supreme Court docket subsequent week, in keeping with official sources.
The apex court docket has set 23 January because the deadline to pay adjusted gross income (AGR) dues.
#AGR Case | Bharti Airtel & Vodafone Thought write to the Telcom Division in relation the adjusted gross income fee, request govt to attend for Supreme Court docket’s instructions. Telecom cos say SC is seized of the matter and it is allowed an pressing listening to within the following week pic.twitter.com/2l0XQZu08x
— CNBC-TV18 (@CNBCTV18Dwell) January 23, 2020
Each firms have requested the Division of Telecom (DoT) to present them time to make fee based mostly on the result of their modification petition listed for listening to earlier than the Supreme Court docket subsequent week, sources stated.
New entrant Reliance Jio, nonetheless, is prone to make fee of Rs 177 crore in direction of AGR legal responsibility on it.
“Vodafone Idea and Bharti Airtel have communicated to the DoT that they will not be making payment on 23 January when the last date to clear AGR ends. They have said they will comply with the outcome of modification petition filed before the Supreme Court which is listed for hearing next week,” a supply stated.
Bharti Airtel, Vodafone Thought and different telecom firms owe the federal government as a lot as Rs 1.47 lakh crore in previous statutory dues.
Tata Communications, by which the federal government holds 26.12 per stake, has additionally made no provision for DoT’s demand of Rs 6,633 crore for AGR dues because the Supreme Court docket order didn’t embody an enchantment of the corporate which continues to be pending earlier than the apex court docket.
The corporate stated it has replied to the demand cum discover despatched by the DoT in September quarter 2019 however has not obtained any response from the division.
Telecom firms owe the federal government Rs 92,642 crore in unpaid licence charge, and one other Rs 55,054 crore in excellent spectrum utilization expenses. These liabilities arose after the Supreme Court docket in October held that non-telecom revenues must be thought of for calculating statutory dues.
Excellent SUC (spectrum utilization expenses) dues of assorted telecom service suppliers as on 31 October, 2019, added to Rs 55,054 crore.
The federal government has directed the licensees to make the funds in accordance with the order of the Supreme Court docket dated 24 October, 2019, and submit requisite paperwork inside the stipulated timeframe.
Within the case of Bharti Airtel, the liabilities added as much as almost Rs 35,586 crore, of which Rs 21,682 crore is licence charge and one other Rs 13,904.01 crore is the SUC dues (not together with the dues of Telenor and Tata Teleservices).
Within the case of Vodafone Thought, this quantity stands at a cumulative Rs 53,038 crore, together with Rs 24,729 crore of SUC dues and Rs 28,309 crore within the licence charge.
Discover newest and upcoming tech devices on-line on Tech2 Gadgets. Get know-how information, devices evaluations & scores. Common devices together with laptop computer, pill and cellular specs, options, costs, comparability.