New Delhi : Government has taken action against telecom firms who understated their revenue in the past and has issued regular demands to recover dues from them.  A Comptroller and Auditor General report this year found that six telecom operators understated revenue by Rs 46,045.75 crore, for four financial years 2006-07, 2007-08, 2008-09 and 2009-10, the government said in Parliament.

“As per the report, the shortfall in licence fee amounts to Rs 3,752.37 crore, in spectrum usage charges amounts to Rs 1,460.23 crore and interest on short fall up to March 2015 amounts to Rs 7,276.33 crore,” Minister of State for Finance Santosh Kumar Gangwar said in a written reply to Rajya Sabha.

The CAG report which had come in March had said that there was a loss of Rs 12,488.93 crore on the government exchequer because six telecom firms had reported under-invoicing of their gross revenues. As per the CAG report, which was tabled in Parliament, Reliance Communications, Tata Telecom, Vodafone, Airtel, Idea and Aircel had under reported their adjusted gross revenue by Rs 46,045.75 crore during the four fiscal years running from 2006-07 through 2009-10.

(To view our epaper please click here. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal