Telecom Firms Must Clear Dues in 3 Months as Per Supreme Court Order
The Supreme Court in its last month's ruling said, "We give three months'' time to deposit the amount, which is due and compliance be reported."
NEW DELHI: The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source.
The DoT has given option to telecom operators to clear all the dues on self-assessment basis.
The Supreme Court in its last month's ruling said, "We give three months'' time to deposit the amount, which is due and compliance be reported."
"...you are therefore directed to make the payment in accordance with the order of the Honourable Supreme Court dated October 24, 2019 and submit the requisite documents to ensure the compliance within the stipulated timeframe," said a notice which is received by the source.
According to an internal estimate prepared by the DoT, total dues on the telecom service providers arising out of Supreme Court order are around Rs.1.33 lakh crore.
As per DoT's estimate, liability of Bharti Airtel Group is Rs.62,187.73 crore, Vodafone Idea Rs.54,183.9 crore and BSNL and MTNL Rs.10,675.18 crore. Companies under insolvency like Reliance Communications and Aircel have dues outstanding worth Rs.32,403.47 crore and companies under liquidation Rs.943 crore.
Original News: Tech, Media & Telecom | Press Trust of India
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