With significant discrepancies cropping up in the AGR math, the industry may be facing a fresh round of dispute
The clauses that are not tenable, if any, could be tackled before signing the agreements to avoid any subsequent dispute
Vodafone Idea's payment in particular assumes significance as the company has been under tremendous financial pressure and is confronted with AGR liabilities of over Rs 53,000 crore
Company uses around 180,000 towers with various vendors
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DoT has found discrepancies in the amount paid by the telcos and the sum sought by the government
The move assumes significance as VIL has been under financial pressure and is confronted with AGR (Adjusted Gross Revenue) liabilities of over Rs 53,000 crore
The DoT is set to write fresh letters to telecom companies questioning them about the variation in AGR dues assessed by firms themselves and its own calculations
A DoT official said that "test checks" of AGR calculation for a sample year would commence shortly and it could be as early as this week at least for large telecom companies
The company may blame what is effectively a double taxation regime, but it has also failed to adapt its business model when faced by Reliance Jio's disruptive entry
Bharti Airtel had initially paid Rs 10,000 crore to the DoT on February 17 in compliance with the Supreme Court judgment
The company said it calculated the liabilities on self assessment basis till December 31, 2019 and the payment includes interest up to February 29, 2020
Members of the DCC refused to comment on the discussions held during the two-hour meet. More details are required for reconciliation of AGR data, sources said
The DCC meeting lasted two hours and is expected to meet again in coming days
Union Home Minister Amit Shah will address a rally at the Janata Maidan here on Friday in support of the amended Citizenship Act
The industry has made a string of demands including a moratorium, staggered mode of payment, lower licence fee and setting up of a tariff floor.
Current mobile internet prices are in the range of Rs 4-5 per GB
Among the options likely to be deliberated tomorrow is allowing staggered payments for statutory dues for telecom industry
The company has so far paid Rs 3,500 crore in AGR dues
Vodafone Idea said adjustment of GST credit due from the government could help in meeting its AGR payment