Vodafone Idea seeks government support to clear AGR dues, requests GST refund of ₹8,000 cr

Debt-len Vodafone Idea has requested permission to clear its pending justed gross revenue (AGR) dues over 15 years and asked for concessions on total amount owed, according to a media report. Apart from this, telecom provider has also requested a tax refund and establishment of a floor for tariffs among measures in order to remain viable.

company also sought a cut in licence fees and has requested to lower it down to 3 percent from current 8 percent, and SUC (spectrum us charges) to be brought down to 2 percent from present 3 percent.

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Telecom News: Vodafone Idea owes highest amount of dues to TRAI

telecom company owes maximum amount of money to telecom regulator TRAI and in a letter to Department of Telecommunications, finance ministry and Niti Aayog, Vodafone Idea has stated that it is t in a sound financial state and needs help from government to stay in business.  company reportedly sought a goods and services tax (GST) refund of ₹8,000 crores, which can be justed against dues while seeking option to pay  remaining sum over a period of 15 years, with an initial three-year moratorium.

Vodafone Idea h sent letter a day before meeting of Digital Communications Commission (DCC). DCC is highest decision-making body of DoT and meeting may discuss steps that could be taken to offer relief to stressed telecom operators like Vodafone Idea and ors.

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Vodafone Idea AGR dues

Going by DoT’s estimate, Vodafone Idea, which has over 300 million subscribers, owes more than ₹53,000 crores in AGR dues, where company has cleared dues worth ₹3,500 crores. However, as per reports, company’s self-assessment pegs due amount at ₹23,000 crores.

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Bharti Airtel and Tata Teleservices have highest dues after Vodafone Idea

telecom operators in India have to pay until March 17 all dues around AGR worth ₹1.47 lakh crores. Bharti Airtel and Tata Teleservices are next two telecom operators with major dues pending after Vodafone Idea.

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