Vodafone Idea get DoT’s notice over non-payment of licence fee in 7 circles for Q4 FY21

By: |
April 09, 2021 7:53 PM

The show-cause notice dated April 7, 2021 states that the company has not paid Q4 FY21 licence fee (by March 25) for circles of Bihar, Gujarat, Jammu and Kashmir, Kerala, Maharashtra, Uttar Pradesh (East), Orissa, as well as national long distance

Vodafone, Vodafone idea, idea, Vodafone idea ltd, department of telecomSources close to Vodafone Idea said that payments had made towards licence fee and spectrum usage charges for the quarter ending March 2021.

The telecom department has issued a show-cause notice to Vodafone Idea Ltd (VIL) over non-payment of licence fee for the fourth quarter of FY2020-21, with regard to some circles, sources said. The show-cause notice dated April 7, 2021 states that the company has not paid Q4 FY21 licence fee (by March 25) for circles of Bihar, Gujarat, Jammu and Kashmir, Kerala, Maharashtra, Uttar Pradesh (East), Orissa, as well as national long distance.

An e-mail sent to Vodafone Idea on the issue remained unanswered. But sources close to the company said that payments had made towards licence fee and spectrum usage charges for the quarter ending March 2021, last month, and that payment gaps if any, will be completed within the defined timeline. As per the notice, seen by PTI, the Department of Telecom (DoT) has directed VIL to show cause by April 12, 2021 why action should not be taken against the company under relevant clauses of licence agreement.

Licence fee is payable in four quarterly instalments during each financial year. Quarterly instalment of licence fee for the first three quarters of a financial year are payable within 15 days of the completion of the relevant quarter. For the last quarter of financial year, licencees have to pay the licence fee by March 25.

 

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Quarterly Results: Cipla net profit surges 73% to Rs 412 crore in Q4 on robust sales
25G in India: New report suggests 40 million users can take up 5G within first year of service rollout
3Twitter to soon make searching for DMs easier for Android users