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

Vodafone Thought on Saturday reported it has paid out another Rs one,000 crore to the federal government in the direction of the statutory dues, using its complete payment to an mixture Rs seven,854 crore.

The organization had before deposited Rs six,854 crore in 3 tranches, Vodafone Thought reported in a regulatory submitting.

“In line with the higher than, the organization has yesterday (July 17, 2020) paid out a additional sum of Rs one,000 crore to the DoT (Office of Telecom) in the direction of the AGR dues. The organization had before deposited Rs six,854 crore in three tranches,” the submitting reported.

With this, the organization has paid out an mixture amount of Rs seven,854 crore in the direction of the Altered Gross Income (AGR) dues, it additional.

In the previous hearing on the AGR subject, the Supreme Court docket had reported that private telecom businesses which includes Vodafone Thought have to appear out with a acceptable payment approach and make some payment to “clearly show their bonafide”.

Vodafone Thought was struggling with a staggering Rs fifty eight,000 crore demand from customers in over-all statutory dues, following the apex court docket previous 12 months ordered the non-telecom revenues to be incorporated in calculating statutory liabilities.