AGR Dues: Vodafone Idea Pays Rs 3,043 Crore To Government
Conceded range levy are basically portion installments that are made by telecom administrators for range purchased in past sell-offs.
Vodafone Idea, which has so far paid just Rs 3,500 crore of its Rs 53,039 crore of balanced gross income (AGR) levy, on Tuesday paid around Rs 3,043 crore towards its conceded range contribution, sources said.
Conceded range levy is basically portion instalments that are made by telecom administrators for range purchased in past sell-offs. Administrators like Bharti Airtel and Vodafone Idea need to pay such portions till 2031 yet after the present instalment they need not pay for the following two years. This is on the grounds that the legislature had a year ago gave them a multi-year ban on such instalments to give alleviation on the income front. Be that as it may, the enthusiasm on the sum will be included and the net present estimation of the sum due will stay flawless.
Sources said that on Tuesday Bharti Airtel likewise made the instalment of Rs 1,950 crore towards its conceded range levy, while Reliance Jio paid Rs 1,053 crore.
In the interim, on the AGR contribution front, Tata Teleservices on Tuesday made an extra instalment of about Rs 2,000 crore on specially appointed premise. This was well beyond the Rs 2,197 crore instalment it had made on February 17. The organization said that the extra instalment is planned for covering any compromise contrasts.
As indicated by the division of media communications, the levy of Tata Teleservices are Rs 13,823 crore.
So far Bharti Airtel has likewise paid Rs 18,000 crore towards its AGR duty against DoT’s computation of Rs 35,586 crore. Bharti has said that according to its estimation its levy remains at Rs 13,000 crore and it has paid an extra Rs 5,000 crore to cover any compromise contrasts.
In the interim, sources said that DoT will compose new letters to telecom administrators like Bharti Airtel and Tata Teleservices examining them regarding the variety in AGR contribution surveyed by them and its own computations. All things considered, the issue might be tested in the Telecom Disputes Settlement and Appellate Tribunal sometime in the not too distant future.
The DoT has additionally requested that all telecom administrators outfit names of their overseeing executives and their addresses expressing that this should be outfitted to the Supreme Court.