Tata Teleservices Might Get Slapped with AGR Notice Soon: Report

Government Officials had a meeting behind closed doors to discuss the relief measures which can be deployed which would help telecom operators

By February 24th, 2020 AT 11:52 AM
Highlights
  • Vodafone Idea, Bharti Airtel and TTSL paid a combined amount of Rs 16,000 crore
  • Vodafone Idea, Bharti Airtel and TTSL paid a combined amount of Rs 16,000 crore
  • DoT will likely send a notice to Telcos regarding the explanation of their self-assessment

Tata Teleservices will likely get an AGR notice before March 17, 2020, from Department of Telecommunications (DoT) regarding the payment of balance adjusted gross revenue (AGR). According to the words of officials reports ETTelecom, the company has not submitted all the necessary details regarding the self-assessment of AGR dues which are essential. The apex legal body Supreme Court will hear modifications pleas from telecom operators such as Tata Teleservices, Vodafone Idea and Bharti Airtel since they are in heavy distress regarding the payment of AGR dues. However, Dot is not able to reconcile between the estimated amount of AGR dues and that of Vodafone Idea and Bharti Airtel by the end of March 17.

tata-teleservices-agr-notice-report

Government Tries to Help Telecom Operators

In order to help the telecom operators and decrease their stress regarding AGR dues, senior officials from telecom, finance and Niti Aayog department had a meeting behind closed doors and discussed all relief measures which can be deployed without any delays. Vodafone Idea has strictly marked that if no relief is provided by the Supreme Court, they will be forced to shut down their operations. In the meeting, senior officials suggested deferment of non-AGR dues and distribution of Soft loans to all the stressed telecom operators. Supreme Court on February 14 has marked that AGR dues must be paid by the next hearing day. However, Vodafone Idea, Bharti Airtel and TTSL have already paid a combined of Rs 16,000 Crores to the government.

DoT is Not Satisfied with Telcos Self-Assessment of AGR dues

Tata Teleservices submitted their AGR dues and noted that they had paid Rs 2,197 crore as per its self-assessment. However, DoT calculated a whopping due amount of Rs 14,819 crores. On the matter, a senior executive from TTSL noted that “TTSL have already assessed themselves fairly and have paid a fair amount of AGR dues to the government. TTSL is hoping that the subject will be closed.” Similarly, Vodafone Idea has paid Rs 3,500 crore as of Dot’s estimate which is around Rs 57,000 Crore dues. DoT officials have mentioned that these discrepancies will further lead to litigation. Dot has initiated the process of reconciliation and might soon slap Telcos with a notice regarding the explanation of their rationale.

Chakri is a go-to guy for your next smartphone recommendation. Back in his engineering days, he used to play with smartphones by installing custom ROMs and that passion got him into the tech industry. He still goes nuts about a smartphone knocking his door for review. Currently managing everything at Telecom Talk, Chakri is trying to master PUBG Mobile in his free time.

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