New Delhi. Vodafone Idea has stated that it could pay the federal government the excellent AGR within the subsequent few days. However, it’s being assessed how a lot AGR the corporate will be capable of pay. Vodafone Idea stated in an announcement that as per the order of the Hon'ble Supreme Court given on 24 October 2019, the corporate is at the moment assessing how a lot it could repay the excellent AGR (adjusted gross income) to the Department of Telecommunications. Vodafone proposes to pay the assessed quantity within the subsequent few days. Vodafone Idea has to pay AGR of Rs 53000 crore. Explain that the corporate was shocked when the Supreme Court reprimanded it for not paying the AGR dues until 23 January. <! –
Vodafone cautioned that its future trusted the court docket's determination on the modification petition. The court docket has laid deadline of 17 March to pay AGR.
What occurred within the court docket
Airtel and Vodafone had filed an modification petition after the assessment petition was dismissed, on which the court docket issued present trigger notices in opposition to these firms through the listening to on Friday. The court docket additionally requested why the telecom firms didn’t pay the excellent AGR regardless of the 23 January 2020 deadline.
The authorities additionally raised its arms
The authorities has additionally withdrawn its January 23 order through which it determined to not take stern motion in opposition to the telecom firms. The authorities had determined to not take strict motion in opposition to the telecom firms for failing to fulfill the court-directed deadline to pay the dues. The Department of Telecommunications has stated that it’s directed to take vital motion instantly in compliance with the Supreme Court's October 24 determination.
– AGR: Now authorities turns into strict on telecom firms, Airtel can pay Rs 10000 crore