Telcos Self-Assessed AGR Dues Creates Tension for Government

Telecom operators have been facing AGR dues burden since the supreme court has asked the operators to pay their AGR dues before March 17, 2020. However, to reduce the burden of massive AGR debt, telcos have been self-assessing their AGR dues. DoT noted that Tata Teleservices owes a whopping amount of Rs 14,000 crore to government towards their AGR dues and the telco have just paid Rs 2,197 crore, saying it has cleared its part. Similarly, Bharti Airtel self-assessed their AGR dues and mentioned that their AGR dues stand at Rs 13,000 crore and will not exceed Rs 18,000 crore. However, the government estimated Rs 35,000 crore. Vodafone Idea is the only telco which has not released their self-assessed AGR dues. As per the government estimates, the telecom operator has to pay Rs 53,000 crore.

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Telecom Operators tries to Lower the Liabilities

Telecom operators have to pay massive AGR dues which will create enormous pressure on their financial credibility. Till now, Reliance Jio is the only telco which has paid their full AGR dues of Rs 195 crore. As per the words of analysts “the basis on which telcos are self-assessing their AGR dues is unknown. However, previous disputes and involvement of supreme court and government departments, the final call will be done by the supreme bench itself along with government officials decision. The views of the Supreme Court and government will finalise the AGR dues self-assessed by telecom operators”. This news is reported by Livemint.