Department of Telecom is contemplating AGR cost problem: Finance Minister Nirmala Sitharaman

by Jeremy Spirogis
India's cleanest city for 4th consecutive time

new Delhi: Finance Minister Nirmala Sitharaman mentioned on Wednesday that the Department of Telecommunications is wanting into the problem associated to cost of statutory dues on cell telephony service suppliers. Fifteen telecom corporations have a legal responsibility of Rs 1.47 lakh crore in direction of the federal government, of which Rs 92642 crore just isn’t paid as license price and Rs 55,054 crore is the excellent spectrum utilization price. 60 per cent of the overall excellent is on Airtel and Vodafone Idea.

Industrialists Sunil Bharti Mittal and Kumar Mangalam Birla met the Finance Minister following the Supreme Court's order on Adjusted Gross Revenue (AGR) of telecom corporations. <! –

                 On the AGR problem, the Finance Minister mentioned, "Yes, there was a gathering. The division is taking a call, so it might not be applicable for me to say something on this in the meanwhile. Wait for the choice of the division.

At the identical time, after the Supreme Court rebuke within the Adjusted Gross Income (AGR) case and the federal government didn’t loosen up the deadline, Bharti Airtel paid the statutory dues of Rs 10,000 crore to the Department of Telecommunications. Explain that Bharti Airtel has to pay a complete statutory dues of Rs 35,586 crore to the federal government, together with license price and spectrum utilization price.

The firm mentioned in an announcement that it’ll additionally pay the remaining quantity after self-assessment. "A total of Rs 10,000 crore has been paid by Bharti Airtel, Bharti Hexacom and Telenor," the assertion mentioned.

After the robust strategy of the Supreme Court within the AGR case, the Department of Telecommunications began issuing orders to telecom corporations like Bharti Airtel and Vodafone Idea to repay their earlier statutory dues on the earliest.

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