You are here: Home » Companies » News
Business Standard

No relief for telcos: Govt wants all AGR dues paid within three months

The DoT has given option to telecom operators to clear all the dues on self-assessment basis

Press Trust of India  |  New Delhi 

Seasonal impact: Telecom companies may see flat ARPU growth in Q2
Representative Image

The (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source.

The DoT has given option to telecom operators to clear all the dues on self-assessment basis.

The Supreme Court in its last month's ruling said, "We give three months' time to deposit the amount, which is due and compliance be reported." "...you are therefore directed to make the payment in accordance with the order of the Hon'ble Supreme Court dated October 24, 2019 and submit the requisite documents to ensure the compliance within the stipulated timeframe," said a notice which is received by the source.

According to an internal estimate prepared by the DoT, total dues on the telecom service providers arising out of SC order are around Rs 1.33 trillion.

As per DoT's estimate, liability of Group is Rs 62,187.73 crore, Rs 54,183.9 crore and BSNL and MTNL Rs 10,675.18 crore. under insolvency like Reliance Communications and Aircel have dues outstanding worth Rs 32,403.47 crore and under liquidation Rs 943 crore.

First Published: Wed, November 13 2019. 20:15 IST
RECOMMENDED FOR YOU