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The Department of Telecom (DoT) will soon issue a notice to Reliance Jio, Telenor, Tata Teleservices, and two more telecom operators to recover the understated revenues of Rs 2,578 crore. Comptroller and Auditor General of India (CAG) on December 19 red-flagged five telcos on the understatement of revenues.
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“The DoT will raise the demand of Rs. 2,578 crore from the five telecom operators as was mentioned by the CAG in its report this month. The demand will be raised after reconciling the accounts,” says a report of Press Trust of India (PTI).
On December 19, the CAG tabled in Parliament said that five telecom operators- Tata Teleservices, Telenor, Videocon Telecom, Quadrant (a Videocon group firm) and Reliance Jio understated the revenues by over Rs 14,800 crores, resulting in a shortfall of close to Rs 2,578 crore to the banks.
In the CAG report earlier, it was said that the government was paid Rs 1015.17 crores less in license fee, Rs 511.53 crore less in spectrum usage, and Rs 1,052.13 crores less as interest on delay in payment.
The report also revealed the short-come from each telecom operator. The government collection from Tata Teleservices is short of Rs 1,893.6 crores, Telenor is short of Rs 603.75 crores, Reliance Jio is short of Rs 6.78 crores, Quadrant is short of Rs 26.62 crores, and Videocon is short of Rs 48.08 crores. These charges are for license fees, and on top of these, other charges such as SUC and interest rates for late payment are also applicable.
