Bharti Airtel, India's second-largest telecom operator, has received a major relief. The telco's GST demand has been reduced to Rs 194 crore from Rs 604 crore. The amount was reduced by the Goods and Services Tax (GST) Apellate Authority after the telco challenged the original amount. The GST department was seeking Rs 604 crore from Airtel under the reverse charge mechanism on the license fee and spectrum usage charges on the demand note issued by the Department of Telecommunications (DoT).
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After Airtel received the demand from the GST department, the company filed an appeal against it. The appeal has gone in the favour of Airtel as the amount has been reduced signficantly from Rs 604 crore to Rs 194 crore only.
Airtel said, "On an appeal filed by the company to Commissioner (Appeals), Central Goods and Service Tax Appellate Authority, Delhi, the Appellate Authority has passed an appeal order reducing the said demand to Rs 194 crore."
Bharti Airtel recently announced its quarterly results for Q1 FY25. You can check it out by following the link below.
Read More - Bharti Airtel Posts Net Profit of Rs 4160 Crore in Q1 FY25, Up 158% YoY
