Telcos have to pay Rs 1.47 lakh cr in past dues; no proposal to waive off interest, penalty: Prasad
In replies to separate questions in the Lok Sabha, Prasad said telecom companies owe the government Rs 92,642 crore in unpaid licence fee, and another Rs 55,054 crore in outstanding spectrum usage charges.
These liabilities arose after the Supreme Court last month held that non-telecom revenues have to be considered for calculating statutory dues.
To a question on penalty imposed on telecom companies, Prasad said the outstanding SUC (spectrum usage charges) dues of various telecom service providers as on October 31, 2019, added to Rs 55,054 crore.
"This amount is subject to be revised once the AGR (adjusted gross revenue) figures are finalised and assessments are done accordingly," the minister said.
The government has directed the licensees to make the payments in accordance with the order of the Supreme Court dated October 24, 2019, and submit requisite documents within the stipulated timeframe.
In another written reply, the minister said the provisional outstanding of the telecom service providers on account of licence fee stood at a cumulative Rs 92,642 crore as on July 2019, and added that the amounts are provisional and subject to revision in light of the Supreme Court ruling on AGR matter on October 24, 2019.
A Committee of Secretaries chaired by Cabinet Secretary Rajiv Gauba has held meetings regarding the issues related to telecom sector, the minister said.
In the case of Bharti Airtel, the liabilities added up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is the SUC dues (not including the dues of Telenor and Tata Teleservices).
In the case of Vodafone Idea, this number stands at a cumulative Rs 53,038 crore, including Rs 24,729 crore of SUC dues and Rs 28,309 crore in licence fee.
The government is currently not considering any proposal on waiver of penalties and interest on outstanding licence fee based on adjusted gross revenue (AGR), or on extending the timelines for telecom companies to pay up their statutory dues.
- Only half of Indian listed companies set net carbon emissions commitments: WTW
- Indian beauty brand RENÉE Cosmetics raises $25 million in Series B funding led by Evolvence India, Edelweiss Group
- Sensex, Nifty50 end lower as caution looms ahead of RBI’s rate hike decision
- Rupee slumps 76 paise to close at 82.61 against US dollar
- Nobody should go to sleep empty stomach, govt's duty to ensure foodgrains reach the last man, says India's apex court