Bharti Airtel paid 10 thousand crores after rip-off of Supreme Court, Vodafone jolted

by Jeremy Spirogis
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New Delhi: Bharti Airtel on Monday paid statutory dues of Rs 10,000 crore to the Department of Telecommunications after the Supreme Court rebuked the Adjusted Gross Income (AGR) case and the federal government didn’t loosen up the deadline. The firm stated in an announcement that it’s going to additionally pay the remaining quantity after self-assessment.

Airtel can even pay the excellent cash

The assertion stated, "A total of Rs 10,000 crore has been paid by Bharti Airtel, Bharti Hexacom and Telenor." The firm stated, "We are within the means of speedy assimilation and the following Supreme Court order We can even full the method earlier than the listening to and pay the remaining dues. Airtel stated that on the time of paying the remaining dues, it’s going to additionally present extra data associated to it. <! –

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Department of telecom had set deadline

It is noteworthy that the Department of Telecommunications began issuing orders to telecom firms like Bharti Airtel and Vodafone Idea on the earliest to repay their earlier statutory dues from 14 February, following the court docket's robust stand within the AGR case. Bharti Airtel has to pay a complete statutory dues of Rs 35,586 crore to the federal government, together with license payment and spectrum utilization payment.

Airtel, in its response to the division's order, stated that it could pay Rs 10,000 crore out of the whole dues by 20 February and the remaining quantity by 17 March.

Meanwhile, the Supreme Court turned down Vodafone's proposal to pay Rs 2,500 crore on Monday, Rs 1,000 crore by Friday, in addition to no punitive motion towards it.

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