According to this Business Standard report
, the financially stressed telecom industry could get a breather as it would take time to evaulate the companies' self-assessment. The report quoted an official with the Department of Telecommunications (DoT), saying that numerous documents for multiple years have to be evaluated and cross-checked, making it a lengthy process.
had made part payment of the dues recently, the government, last week, asked them to settle the AGR bill fully without further delay. In October 2019, the Supreme Court had asked telecom operators to pay up their pending licence fees and spectrum usage charges along with penalties and interest, while upholding the DoT definition of AGR. The total dues for the telecom industry was estimated at Rs 1.47 trillion. The DoT had written to all telcos
asking them to pay the balance dues “without delay” and submit detailed bifurcation of payments (explanation of self-assessed amounts), which it said was necessary for proper reconciliation of legitimate AGR dues.
The Supreme Court last month rejected a plea by Airtel and Vodafone Idea
for extension in the payment schedule and asked firms to deposit their past dues for spectrum and licences.
Vodafone Idea pegged its total dues to the government at Rs 21,533 crore — less than half of what the DoT had estimated at more than Rs 50,000 crore. The company has so far paid Rs 3,500 crore out of the “self-assessed” liability of Rs 21,533 crore.
On a similar self-assessment pattern, Airtel paid Rs 13,004 crore to the government in two instalments, while depositing an additional Rs 5,000 crore as an adhoc payment to cover any reconciliation differences.
According to the government estimates, it owed Rs 35,500 crore in AGR dues to the government. Similarly, Tata Teleservices paid Rs 2,197 crore in AGR dues, followed by an additional Rs 2,000 crore to cover reconciliation differences, against DoT expectation of Rs 14,000 crore.
In 2020 so far, Bharti Airtel
has gained 9.47 per cent, thus outperforming the S&P BSE Sensex which was down 13.72 per cent. Vodafone Idea tumbled 34.5 per cent and Reliance Industries slipped 26 per cent in the same period.