NEW DELHI: Another Rs. 8,004 Crore was paid by Airtel to Department of Telecom (DoT) as a part of the second instalment for statutory dues by the company.
Till now, a transaction of Rs, 18,004 crores has been made to the government by the Indian global telecommunication service of Airtel.
The company owes the government a total of Rs. 35,500 crore in dues, out of which 18,004 has already been cleared.
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The current deposit which was made by Airtel was for adjusted gross revenue (AGR). Based on its self-assessment, a payment of Rs, 3,004 was expected. Another Rs. 5000 was paid by the company was due to the "ad-hoc payment", this amount will we refundable after DoT adjusts its own estimates from telcos.
During a regulatory filing, telco said, "The Company has paid an additional amount of Rs 3,004 crores towards the full and final amounts due over & above the ad-hoc amount of Rs 10,000 crore paid on February 17, 2020, on behalf of the Bharti Group of Companies (Bharti Airtel, Bharti Hexacom and Telenor India)"
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It further added, "In addition to the aforesaid amounts paid on basis of our self-assessment, we have also deposited an additional amount of Rs 5,000 crore, as an ad-hoc payment,"(subject to subsequent refund/adjustment) to cover differences, if any, arising from the reconciliation exercise with the DoT."