Test checks on telcos’ AGR dues soon, says DoT
The “test checks” as promised by the government on AGR-hit telecom companies’ dues assessment could start this week for large telcos, according to a senior DoT official.
By : migrator
Update: 2020-03-01 20:50 GMT
New Delhi
The government also wants Vodafone Idea to expedite its self-assessment, and Telecom Secretary Anshu Prakash is believed to have communicated DoT’s views in this regard to VIL, CEO and MD Ravinder Takkar during a recent meeting on Friday evening.
A DoT official said “test checks” of AGR calculation for a sample year would commence shortly and it could be as early as this week at least for large telecom companies.
On Saturday, telecom operator Bharti Airtel said it has made payment of Rs 8,004 crore towards adjusted gross revenue (AGR) dues to the government, an amount over and above Rs 10,000 crore it has already paid.
The amount of Rs 8,004 crore includes Rs 3,004 crore towards full and final settlement on AGR dues based on self assessment, and a deposit of buffer Rs 5,000 crore to cover DoT’s reconciliation differences. “Based on the aforesaid payment we have now complied with AGR judgement and the directions in the order of the Supreme Court dated October 24, 2019,” Airtel said in a regulatory filing.
As per the Department of Telecom estimates, however, Airtel owes nearly Rs 35,000 crore. It is also asking three telecos Bharti Airtel, Vodafone Idea and Tata Teleservices to provide substantiating documents to support their claims on AGR arithmetic.
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