Vodafone Idea pays another INR 1,000 Cr to govt towards AGR dues
Team Udayavani, Jul 18, 2020, 6:36 PM IST
New Delhi: Vodafone Idea on Saturday said it has paid additional Rs 1,000 crore to the government towards the statutory dues, taking its total payment to an aggregate Rs 7,854 crore.
“In line with the above, the company has yesterday (July 17, 2020) paid a further sum of Rs 1,000 crore to the DoT (Department of Telecom) towards the AGR dues. The company had earlier deposited Rs 6,854 crore in 3 tranches,” the filing said.
With this, the company has paid an aggregate amount of Rs 7,854 crore towards the Adjusted Gross Revenue (AGR) dues, it added. In the last hearing on the AGR matter, the Supreme Court had said that private telecom companies including Vodafone Idea must come out with a reasonable payment plan and make some payment to “show their bonafide”.
Vodafone Idea was facing a staggering Rs 58,000 crore demand in overall statutory dues, after the apex court, last year ordered the non-telecom revenues to be included in calculating statutory liabilities.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sony India bags ACC media rights for eight years
Musk says X now top news app on App Store in India
Air India to offer integrated aircraft maintenance engineering programme
Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points
Baku climate talks: The ‘X’ factor that could determine future of Global South
MUST WATCH
Latest Additions
Air pollution: SC flags Delhi govt’s failure to implement GRAP-4 curbs on entry of trucks
Drugs worth Rs 6 crore seized in Bengaluru, five arrested
Siddaramaiah urges Nirmala Sitharaman to address NABARD’s loan cuts to farmers
Satwik-Chirag enter semifinals, Lakshya loses to Antonsen in China Masters
BJP stages protest against Congress govt in Karnataka over Waqf properties row
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.