Will the Government act against Telecom companies for under reporting their revenue?
The Comptroller and Auditor General (CAG) of India said in a report tabled in Parliament on Friday that Telecom companies, including Bharti Airtel, Vodafone and Idea, understated their revenues to the extent of Rs. 61,064.5 crore during 2010-15. This has led to a "short payment" of Rs. 7,697.6 crore to the government.
The CAG, in a report tabled in Parliament on Friday, said its audit indicated "total understatement of adjusted gross revenue (AGR) of Rs. 61,064.56 crore" by six operators.
"The interest due on short paid revenue share for the period up to March 2016 was Rs 4,531.62 crore," it said.
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Telecom companies caught red-handed
By IndianMandarins - 2017-07-22 00:03:15
Will the Government act against Telecom companies for under reporting their revenue?
The Comptroller and Auditor General (CAG) of India said in a report tabled in Parliament on Friday that Telecom companies, including Bharti Airtel, Vodafone and Idea, understated their revenues to the extent of Rs. 61,064.5 crore during 2010-15. This has led to a "short payment" of Rs. 7,697.6 crore to the government.
The CAG, in a report tabled in Parliament on Friday, said its audit indicated "total understatement of adjusted gross revenue (AGR) of Rs. 61,064.56 crore" by six operators.
"The interest due on short paid revenue share for the period up to March 2016 was Rs 4,531.62 crore," it said.
