Business

Clear revenue share dues as per SC order: DoT to telcos

The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source.

migrator

New Delhi

The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source.

The DoT has given option to telecom operators to clear all the dues on self-assessment basis.

The Supreme Court in its last month's ruling said, "We give three months' time to deposit the amount, which is due and compliance be reported."

"...you are therefore directed to make the payment in accordance with the order of the Hon'ble Supreme Court dated October 24, 2019 and submit the requisite documents to ensure the compliance within the stipulated timeframe," said a notice which is received by the source.

According to an internal estimate prepared by the DoT, total dues on the telecom service providers arising out of SC order are around Rs 1.33 lakh crore.

As per DoT's estimate, liability of 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. Companies under insolvency like Reliance Communications and Aircel have dues outstanding worth Rs 32,403.47 crore and companies under liquidation Rs 943 crore.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

It's official: Congress to contest 28 seats in TN Assembly polls, gets one Rajya Sabha seat

AIADMK'S Thambidurai and PMK's Anbumani set to become RS members

5 youths meet with accidents while chasing Vijay's convoy; DMK MP says 'not mark of true leadership'

80 killed in US strike on Iranian warship, Sri Lankan minister says

TN leaders slam ‘Kartavya Dwar’ sign at Tiruchy rail office; Tamiliasai claims 'mistakes by officials'