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6 telecom firms under-reported Rs 61,064 cr revenues: CAG
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SME Times News Bureau | 22 Jul, 2017
Telecom majors in India
under-reported their revenues to the tune of Rs 61,064.5 crore during
2010-11 and 2014-15, leading to a "short payment" of Rs 7,697.6 crore to
the government, the national auditor said on Friday.
The
Comptroller and Auditor General's (CAG) report titled "Sharing of
Revenue by Private Telecom Service Providers" tabled in the Lok Sabha on
Friday pertains to the period of audit 2010-11 to 2014-15 for Bharti
Airtel, Vodafone India, Idea Cellular, Reliance Communications and
Aircel.
Instead, for Sistema Shyam Teleservices Ltd (SSTL). the audit period is from 2006-07 to 2014-15.
"The
verification of records of six PSPs (private service providers) by
audit indicated total understatement of adjusted gross revenue (AGR) of
Rs 61,064.56 crore by the six telecom companies," CAG said.
There was "consequent short payment of revenue share to the Government of India to the tune of Rs 7,697.62 crore", it said.
"The interest due on short paid revenue share for the period up to March 2016 was Rs 4,531.62 crore," it added.
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