Airtel completes self-assessment of AGR dues, says owes ₹13,004 crore only
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- Bharti Airtel has paid a total amount of Rs 18,004 crores towards AGR dues of Rs 35,000 crore estimated by DoT
Telecom operators have been facing a lot of trouble because of default in payment of AGR dues. However, Bharti Airtel is clearing off the burden. The telco giant has paid Rs 8,004 crore to DOT as their statutory dues in their second tranche. With the current payment, Bharti Airtel has paid a total amount of Rs 18,004 towards their AGR dues. As per their self-assessment, Bharti Airtel has deposited Rs 3,004 crore as full and final towards is AGR dues. Also, the telco paid an additional Rs 5,000 crore as “ad-hoc payment”, which is subjected to refund after the telco department had reconciled their estimates with the telco.
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That means indian govt. is fraud?
Now the REAL tension starts for Govt. They have committed in court & now they can’t say they will reassess. Officer from Govt side is going to have very tough time.
Nice tactic by AVOID to prolong the case for some more years & in between arrange the funds.
BTW every company will try to show lower dues by assessing itself..but will the court allow is the deciding factor.
The Supreme Court addressed the AGR issues and slammed the telcos along with DoT.
As per the Supreme Bench, telcos should not have been permitted the self-assessment of their AGR dues.
However, the supreme court has considered the government’s plea to allow a deferred payment mechanism to the stressed telcos. Earlier, the Supreme Court backed the Department of Telecommunications (DoT) and stated that AGR dues must include non-core items.
The Supreme Court also said that they would not spare the telecom operators and DoT officials involved in the self-assessment of AGR dues.
Self-Assessment of AGR dues is Contempt of Court
Justice Arun Mishra noted that self-assessment of AGR dues is contempt of court and the bench is ready to call managing directors of the companies and send them to jail.
More info @ https://telecomtalk.info/telcos-self-asses-agr-...
also paid 10k crore day before yesterday. Now total -18000 crore paid by them.
Tough times for Vodafone.