Bharti Airtel made a giant announcement associated to AGR
Airtel paid Rs 10,000 crore AGR to authorities
Seen on Twitter Bharti Airtel And 10000
Vodafone filed modification petition searching for deferment from Supreme Court
Raj Express The difficulties confronted by the recessionary telecom corporations have been additional exacerbated when the Supreme Court confirmed strictness relating to the telecom sector and ordered telecom corporations to pay adjusted gross income (AGR). Meanwhile, today telecom firm Bharti Airtel has made a giant announcement. <! –
At the identical time, as a result of this announcement of the corporate, on Twitter Bharti Airtel And 10000 It appears to be trending.
What is the massive announcement of Airtel:
Airtel firm introduced to pay Rs 10,000 crore to the federal government. Yes, the quantity of Rs 10,000 crore has been paid by the Airtel firm today i.e. on Monday, ie it will not be fallacious to say that the specter of AGR hovering over the Airtel firm has been averted. However, together with Airtel, different telecom corporations like Vodafone Idea and Tata Teleservices have additionally requested to repay the dues. Out of which, if the best quantity of Rs 3500 crores is from Vodafone firm, which the corporate has mentioned to deposit by the approaching Friday.
Total AGR Amount:
Telecom corporations should pay about one lakh crore rupees of AGR by March 17. Recently, discover was issued to all of the telecom corporations by the telecom division after the Supreme Court order got here. Apart from this, after the order of the Supreme Court, Vodafone Idea and Bharti Airtel have been to pay Rs 92 thousand crores to the federal government until March 17, out of which Airtel firm has paid Rs 10,000 crores out of its AGR quantity of 35,586 crores. .
Airtel Bharti Limited pays Rs 10,000 Crores to the Telecom Department in direction of AGR (adjusted gross income) dues. pic.twitter.com/5maqJkUDqJ
– ANI (@ANI) February 17, 2020
Airtel had earlier issued a press release informing that it will deposit Rs 10,000 crore out of AGR quantity by 20 February and pay the remaining quantity by 17 March 2020. Let's say that, after depositing Rs 10,000 crore, the corporate nonetheless owes Rs 25,586 crore. The firm mentioned in its second assertion today that, "Airtel has paid a complete of Rs 10,000 crore on behalf of Bharti Airtel, Bharti Hexacom and Telenor. The firm additional mentioned that, Airtel firm is presently present process the method of self-assessment. Therefore, earlier than the following listening to of the Supreme Court, the corporate will full this course of and also will pay the remaining quantity.
Vodafone Company assertion:
Vodafone (Vodafone) firm issued a press release and advised the Supreme Court on Monday that, the corporate pays its AGR quantity of Rs 53,038 crore to the federal government on the approaching Friday i.e. February 21. Also, the Vodafone firm mentioned that the principal quantity of the corporate is Rs 7,000 crore, half of which it should deposit by Friday and to deposit the remaining quantity, the Vodafone firm has filed an modification petition to the Supreme Court searching for deferment. , The courtroom has turned down this plea of Vodafone.
Supreme Court Warning:
The telecom corporations got a remaining moratorium on submission of AGR by the Supreme Court. Which contains different defaulting telecom corporations together with Bharti Airtel and Vodafone-Idea. The courtroom has given time until March 17 to the businesses. These orders got here instantly to the telecom corporations.