AGR liabilities at Rs 21,533 cr as per self assessment: Vodafone Idea

By: |
March 6, 2020 3:36 PM

The AGR liabilities calculated by Vodafone Idea (VIL) are only 41 per cent of the government's assessment.

vodafone, vodafone ideaVodafone Group CEO Nick Read is currently meeting Telecom Minister Ravi Shankar Prasad to discuss options to keep VIL afloat.

Vodafone Idea on Friday said its adjusted gross revenue (AGR) liabilities stand at Rs 21,533 crore as per its self assessment, and that the calculation of dues has been filed with the telecom department.

The statement assumes significance as the government has estimated the company’s dues at over Rs 53,000 crore, of which it has so far paid only Rs 3,500 crore in two tranches.

The AGR liabilities calculated by Vodafone Idea (VIL) are only 41 per cent of the government’s assessment.

Vodafone Group CEO Nick Read is currently meeting Telecom Minister Ravi Shankar Prasad to discuss options to keep VIL afloat.

“The self assessment discloses the company’s AGR liabilities to aggregate Rs 21,533 crore including a principle amount of Rs 6,854 crore for the period from FY 2006-07 to FY 2018-19 and interest up to February 2020,” the company said in a BSE filing.

It said the company has filed its self assessment of AGR liabilities with the Department of Telecom.

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