Airtel, Voda Thought, Tata Tele prone to pay AGR dues as we speak; DoT unlikely to offer extra extension to telcos: Report

7


New Delhi: Telecom operators Bharti Airtel, Vodafone Thought and Tata Teleservices are prone to make cost for adjusted gross income (AGR) dues on Monday to keep away from stringent punitive motion from the Telecom Division, in accordance with an official supply.

The three firms are collectively liable to pay dues of over Rs 1 lakh crore, however they’ve knowledgeable the Division of Telecom (DoT) of constructing solely partial cost, as per their representatives.

“Airtel, Vodafone Idea and Tata Teleservices have said that they will make payments on Monday. DoT will take action after evaluating the amount paid by them,” an official supply informed PTI.

 Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report

Representational picture. Reuters

Earlier on Friday, Bharti Airtel provided the DoT to pay Rs 10,000 crore by 20 February, however a DoT official stated that the division cannot grant any extension.

Vodafone Thought on Saturday stated that it’s assessing the quantity that may be paid in direction of AGR dues, even because it flagged considerations over the continuation of its enterprise.

Telecom operators are collectively liable to pay Rs 1.47 lakh crore in AGR dues as per the Supreme Court docket order dated 24 October 2019. The deadline to pay the quantity ended on 23 January, however not one of the telecom operators, besides Reliance Jio, paid the quantity.

Even state-owned BSNL and MTNL didn’t pay the dues.

As per the final accessible estimates, Airtel owes almost Rs 35,586 crore, together with licence payment and spectrum utilization costs, to the federal government.

Vodafone Thought is watching dues value Rs 53,000 crore, which incorporates as much as Rs 24,729 crore of spectrum dues and one other Rs 28,309 crore in licence payment. Tata Teleservices owes round Rs 13,800 crore, BSNL Rs 4,989 crore and MTNL Rs 3,122 crore.

Out of Rs 1.47 lakh crore, round Rs 1.13 lakh crore is prone to be recovered, as different firms, that are liable to pay AGR dues, have folded up their companies.

Reliance Communications and Aircel are going by means of insolvency proceedings.

The apex court docket on Friday got here down closely on the Telecom Division for not taking steps to get well statutory dues, estimated to be round Rs 1.47 lakh crore from operators.

The DoT issued fifth and remaining discover to telecom operators on 14 February for making cost on the identical day, however not one of the firms paid the dues.

When requested about telecom operators having sought time to evaluate the quantity they need to pay, the DoT official stated that the court docket gave them three months to take action and even after lacking 23 January deadline telecom operators had ample time to calculate their dues.

“Before the due date, DoT has sent telecom operators 4 notices and reminders to pay to avoid punitive action under license condition. After court order on modification plea, telecom players are not left with any excuse to delay the payment and the DoT can take action against them without serving any further notice,” the supply stated.

The apex court docket pulled up telecom operators and the federal government on non-payment of AGR dues regardless of its order. It has requested managing administrators and administrators of the corporate to be current in particular person earlier than court docket on the subsequent listening to, scheduled for 17 March, in case there may be violation of its order within the AGR case.

Public sector firms, that don’t promote telecom providers, owe DoT round Rs 2.65 lakh crore, with GAIL India alone owing round 65 per cent of the entire quantity. Nevertheless, these PSUs have the choice to method court docket for a authorized recourse.

<!–

Firstpost is now on WhatsApp. For the newest evaluation, commentary and information updates, join our WhatsApp providers. Simply go to Firstpost.com/Whatsapp and hit the Subscribe button.

–><!–

Particular Thursday Expiry on 10th seventh Nov
Early Closure to The Nice Diwali Low cost
Final Probability to get Moneycontrol Pro for a yr @ Rs. 289/- solely
Coupon code: DIWALI.

–>

Discover newest and upcoming tech devices on-line on Tech2 Gadgets. Get know-how information, devices opinions & scores. Fashionable devices together with laptop computer, pill and cell specs, options, costs, comparability.

https://platform.twitter.com/widgets.js



Source

Facebook Comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More