5 telcos get show-cause notices for understating revenues
Government has sent show-cause notices to 5 telecom firms
including Reliance Communications and Tata Teleservices for alleged
understatement of revenues of over Rs 10,000 crore for financial years 2006-07
and 2007-08, Parliament was informed.
However, the issue has been stayed by the Kerala High Court,
Telecom Disputes Settlement Appellate Tribunal ( TDSAT) and Chennai High Court,
Minister of State for Communications and IT Milind Deora said in a written
reply to the Lok Sabha.
"Special audit of five major private telecom group
companies including the Vodafone group has been conducted for the financial
years 2006-07 and 2007-08," Deora added.
The government has sent show cause notices to Reliance for
revenue under stated of Rs 3,402.92 crore, Tata Teleservices (Rs 3,156.46
crore), Bharti Airtel (Rs 1,927.50 crore), Vodafone (Rs 1,490.94 crore) and
Idea (Rs 848.87 crore), according to the reply.
The total amount of revenue under stated is Rs 10,826.69
crore and the total licence fee demand raised, which also includes interest is
Rs 1,841.67 crore from these telecom companies, it added.
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