Saturday , December 7 2019
Home / india / Clear doubts in 3 months, according to court order, telecom company said: report

Clear doubts in 3 months, according to court order, telecom company said: report



The Commerce Department has given telecom operators the option to settle all fees based on self-assessment.

NEW DELHI:

The Department of Telecommunications (DoT) issued a warning to telecom operators to pay their profit-sharing dues within three months, as directed by the Supreme Court, according to an industry source.

The Commerce Department has given telecom operators the option to settle all fees based on self-assessment.

The Supreme Court, in its ruling last month, said: "We give three months to deposit the amount due and compliance reported."

"… therefore you are instructed to pay in accordance with the Supreme Court order dated October 24, 2019 and submit the necessary documents to ensure compliance within the stipulated timeframe," said a notice received by source.

According to an internal estimate prepared by the DoT, the total quotas on telecommunications service providers arising from the Supreme Court order is about Rs 1.33 lakh crore.

According to DoT estimates, the liability of the 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. Insolvent companies such as Reliance Communications and Aircel have outstanding debt of Rs 32,403.47 crore and liquidation companies of Rs 943 crore.

(Except for the title, this story was not edited by the NDTV team and is published from a syndicated feed.)

Get breaking news, live coverage, and breaking news from India and around the world at NDTV.com. Watch all the live TV action on NDTV 24×7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for the latest news and live news updates.


Source link