Govt unlikely to waive off Rs 1.33 trillion tax payout by telcos

The industry has been seeking relief on penalty and interest on the AGR dues while asking for a staggered payment format

The government is likely to rule out any waiver or reduction in the Rs 1.33 trillion payout by telcos, as a result of the recent Supreme court order on the definition of adjusted gross revenue, according to a source in the know. 

While telcos may have to fork out the full amount, the government will possibly make a representation to the court asking for an extension of the three-month deadline, imposed by the SC, to make the payment. 

The committee of secretaries (CoS), which has been set up to look into issues related to the financially stressed telecom industry, met for