Airtel To Pay Rs 10,000 Crore As Part Of Dues By February 20

Airtel To Pay Rs 10,000 Crore As Part Of Dues By February 20

New Delhi:

Bharti Airtel on Friday knowledgeable the Department of Telecom (DoT) that it’s at present within the technique of finishing a self-assessment train as per the sooner DoT path on adjusted gross income (AGR) quantum to be paid to the federal government and would deposit Rs 10,000 crore by February 20 as a part of the cost.

Airtel additional stated that self-assessment of 22 circles and licences is a sophisticated time consuming course of.

“Nevertheless, in compliace with the judgement of the Supreme Court on Friday, we will deposit a sum of Rs 10,000 crore by February 20 on behalf of Bharti group of corporations — Bharti Airtel, Bharti Hexacom and Telenor India.

“We are assured that we are going to full the self-assessment train shortly and make the steadiness cost earlier than the following date of listening to fastened by the SC,” Airtel stated in a letter to DoT. The subsequent listening to is on March 17.

The DoT on Friday directed all telecom licnecees to make fast cost in compliance with the Supreme Court order of October 24 final 12 months.

As directed by the courtroom, the DoT on Friday withdrew its earlier instructions granting safety to telcos from coercive motion towards defaulting telecos after the Supreme Court on the identical day took a robust view of non-compliance of its order on cost of statutory dues by telcos.

The DoT withdrew its order instantly after the Supreme Court directed the managing administrators and administrators of telcos and different companies to clarify why contempt motion be not taken towards them for non-compliance of its order to pay adjusted gross income (AGR) of Rs 1.47 lakh crore to the DoT.

As per the DoT calculation, Airtel has to pay Rs 35,500 crore, Vodafone Idea Rs 53,000 crore and Tata Teleservices somewhat over Rs 12,500 crore as AGR dues.

But the telcos can do self-assessment and convey discrepancies to DoT’s discover in the event that they discover something for scrutiny as directed by DOT in its earlier communication to the telcos.

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