Airtel Pays Another Rs 8,000 Crore Of AGR Dues Taking The Total Paid Amount To Rs 18,000 Crore, Says This Is All
Airtel Pays Another Rs 8,000 Crore Of AGR Dues Taking The Total Paid Amount To Rs 18,000 Crore, Says This Is AllBharti Airtel office building in Gurugram. (Pradeep Gaur /Mint via Getty Images)

Bharti Airtel on Saturday (29 Februaey) paid another Rs 8,004 crore more as statutory dues in its second instalment to Department of Telecom (DoT).

This takes the total amount paid by the operator to the government to Rs 18,004 crore.

The company said it is the full and final AGR amount. DoT calculations had pegged it at Rs 35,500 crore.

The latest deposit as adjusted gross revenue (AGR) dues is split into Rs 3004 crore as full and final towards its AGR dues, based on its self assessment. It paid an additional Rs 5000 crore as "ad-hoc payment", subject to refund after the telecom department reconciles its own estimates with the telcos.

"...the Company has paid an additional amount of Rs 3,004 crores towards the full and final amounts due over & amp; above the ad-hoc amount of Rs 10,000 crore paid on February 17, 2020 on behalf of the Bharti Group of Companies (Bhartii Airtel, Bharti Hexacom and Telenor India), said the telco in a regulatory filing on Saturday.

"In addition to the aforesaid amounts paid on basis of our self-assessment, we have also deposited an additional amount of Rs 5,000 crore, as an ad-hoc payment,"(subject to subsequent refund/adjustment) to cover differences, if any, arising from the reconciliation exercise with the DoT," it added.

With Airtel having submitted their self assessment figures on AGR which though are subject to Department of Telecommunication (DoT) reconciliation, the government will ask Vodafone Idea this week to apprise them of their numbers and submit the dues simultaneously.

Vodafone Idea so far has paid Rs 3500 crore, its figure as per government is Rs 53,000 crore and VIL is currently doing self assessment and is yet to give full and final figure as per its own calculations.

(With inputs from IANS)

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber