Vodafone Idea Seeks Government Support To Clear AGR Dues, Requests GST Refund Of ₹8,000 Cr


Vodafone Idea has sought support from the government to clear its AGR dues and has also requested GST refund of ₹8,000 crores. Scroll on for complete details.

Written By Danish Ansari | Mumbai | Updated On:
Vodafone Idea

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

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

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

The telecom company owes the maximum amount of money to telecom regulator TRAI and in a letter to the Department of Telecommunications, the finance ministry and Niti Aayog, Vodafone Idea has stated that it is not in a sound financial state and needs help from the government to stay in business. The company reportedly sought a goods and services tax (GST) refund of ₹8,000 crores, which can be adjusted against the dues while seeking the option to pay the remaining sum over a period of 15 years, with an initial three-year moratorium.

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

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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 the company has cleared dues worth ₹3,500 crores. However, as per reports, the company’s self-assessment pegs the due amount at ₹23,000 crores.

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Bharti Airtel and Tata Teleservices have the highest dues after Vodafone Idea

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

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