Vodafone Idea pays another Rs 1,000 crore to govt towards AGR dues

By Press Trust of India
Source: Business-standard

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.
The company had earlier deposited Rs 6,854 crore in three tranches

Vodafone Idea on Saturday said it has paid another Rs 1,000 crore to the government towards the statutory dues, taking its total payment to an aggregate Rs 7,854 crore. The company had earlier deposited Rs 6,854 crore in three tranches, Vodafone Idea said in a regulatory filing. "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. ALSO READ: Vodafone Idea gets TDSAT relief, allowed to offer premium tariff plans 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.

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