The source, who did not wish to be named, said the exercise will help the Department of Telecom (DoT) examine the AGR calculations being made by the telecom players.
All three telecom companies Bharti Airtel, Vodafone Idea and Tata Teleservices have been asked to provide substantiating documents to support their claims on AGR arithmetic, the DoT official added. However, no deadline has been given to companies to submit the supporting documents.
Once substantiating documents are filed by the companies, the telecom department will initiate random test checks on the AGR calculation in a time-bound manner. The ‘test check’ will be done for any one year (of telcos’ dues) to examine the deviation between telecom companies’ assessment and the government calculation of AGR liabilities.
Asked what prompted the department to seek supporting documents to verify AGR-math done by companies through self-assessment, the source equated the exercise to filing of income tax returns where the assessing authority examines the calculations/claims made.
Moreover, the DoT wants to ensure that the court-mandated criteria is being followed by companies in computing their AGR dues, the source added.
This story is from the February 25, 2020 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 25, 2020 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Israeli Military Intelligence Chief Resigns As Gaza Pounded
Israel's Military Intelligence chief Major General Aharon Haliva resigned on Monday, taking responsibility for his unit's failures during the unprecedented October 7 Hamas attacks on the Jewish state.
Revenge On CSK's Mind As LSG Eye A Heist In Dhoni's Bastion
Revenge will be on defending champions Chennai Super Kings' minds when they host an unpredictable Lucknow Super Giants here in their reverse IPL fixture on Tuesday with both the teams desperate to break out of the mid-table logjam.
I'm not doing the same thing with Manjulika again: Vidya
Balan will be seen in Bhool Bhulaiyaa 3’
Chahal becomes first bowler ever to complete 200 wickets in IPL
India and Rajasthan Royals leg-spinner Yuzvendra Chahal on Monday created history by becoming the first bowler ever to complete 200 wickets in the Indian Premier League.
Ratan Tata receives KISS Humanitarian Award
Renowned industrialist and philanthropist Ratan Tata, Chairman Emeritus of the Tata Group, was honored with the prestigious KISS Humanitarian Award 2021 on Monday.
Sensex rises 560 pts, Nifty jumps over 22,300-level
Mcap of BSE-listed cos climbed Rs 4,97,442.62 crore to Rs 3,97,86,490.93 crore 4.79 trillion) in two days
Reliance Industries Q4 profit stays flat
Reliance Industries Ltd (RIL) on Monday reported an almost flat March quarter net profit, while its annual earnings hit a record high on the back of a recovery in its core oil and petrochemicals business and sustained momentum across the consumer-facing telecom and retail businesses.
'Cong's graph going up, BJP's plummeting'
Former Chief Minister and Leader of Opposition Bhupinder Singh Hooda has said that the running Bharatiya Janata Party would be wiped out of south India, while its seats would be reduced by half in north Indian states.
Normalisation of scores for CUET-UG, NET to be done away with, says UGC
Students relieved as normalisation of scores for exams like CUET-UG and UGC-NET discontinued, addressing fairness concerns
Rajnath Singh visits Siachen; reviews military preparedness
Defence Minister Rajnath Singh on Monday visited Siachen, the world's highest battlefield, and reviewed India's overall military preparedness in the region.