Airtel paid the remaining quantity of AGR

by Jeremy Spirogis
Netflix made more movies than any other studio

Highlights:

  • Airtel paid the remaining quantity of AGR

  • AGR highest quantity of Vodafone Idea

  • Airtel has paid Rs 10,000 crore to the federal government

  • All firms should pay earlier than March 17

Raj Express The telecom firms, which have been reeling underneath the recession, have additionally began paying their excellent adjusted gross income (AGR) quantity as quickly because the Supreme Court orders. There today 'Bharti Airtel' (Airtel) The firm has paid the quantity of its remaining AGR. <! –

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                 Let us inform you, the Airtel firm had earlier introduced to pay Rs 10,000 crore to the federal government on 17 February.

Payment of the remaining AGR quantity:

In reality, the Airtel firm had paid Rs 10,000 crore to the federal government. At the identical time, now the corporate on Saturday paid the remaining quantity of Rs 8,004 crore from the whole adjusted gross earnings (AGR) quantity. Let us inform you that the whole quantity of Airtel's AGR is about 35,586 crores which incorporates license payment and spectrum utilization payment. After making this cost by Airtel firm, 17,000 crore rupees and Sircar should pay AGR quantity.

Company says:

Bharti Airtel issued a press release saying, "We are in the process of completing the Self Assessment Exercise fast and will make the balance payment on completion of it before the next date of hearing in the Supreme Court."

AGR highest quantity:

Let us inform you that out of all of the telecom firms, the very best quantity of AGR is from Vodafone firm, of which Voda-Idea firm has paid AGR quantity in 2 components to date. In which, for the primary time, on February 17, Rs 2,500 crore was paid and second time on February 20, Rs 1,000 crore was paid out of the AGR quantity. Currently, the corporate nonetheless owes Rs 49,538 crore. Let me inform you, this quantity was earlier Rs 53,038 crore.

Supreme Court Warning: The telecom firms got a ultimate moratorium on submission of AGR by the Supreme Court. Which consists of different defaulting telecom firms together with Bharti Airtel and Vodafone-Idea. The court docket has given time until March 17 to the businesses. These orders got here instantly to the telecom firms.

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