September 25, 2023


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Vodafone Idea pays another Rs 1,000 crore to govt towards AGR dues

Vodafone Concept on Saturday explained it has paid a further Rs 1,000 crore to the governing administration toward the statutory dues, having its complete payment to an mixture Rs seven,854 crore.

The enterprise had earlier deposited Rs six,854 crore in 3 tranches, Vodafone Concept explained in a regulatory filing.

“In line with the over, the enterprise has yesterday (July seventeen, 2020) paid a even further sum of Rs 1,000 crore to the DoT (Department of Telecom) toward the AGR dues. The enterprise had earlier deposited Rs six,854 crore in 3 tranches,” the filing explained.

With this, the enterprise has paid an mixture volume of Rs seven,854 crore toward the Altered Gross Income (AGR) dues, it added.

In the very last hearing on the AGR subject, the Supreme Court had explained that non-public telecom organizations which includes Vodafone Concept need to appear out with a affordable payment strategy and make some payment to “exhibit their bonafide”.

Vodafone Concept was struggling with a staggering Rs fifty eight,000 crore desire in over-all statutory dues, after the apex court docket very last yr requested the non-telecom revenues to be incorporated in calculating statutory liabilities.