Six telecom companies under-reported revenues by Rs. 61,064 crore, says CAG in report
'The interest due on short paid revenue share for the period up to March 2016 was Rs 4,531.62 crore', says report tabled in Parliament.
Telecom companies, including Bharti Airtel, Vodafone and Idea, understated their revenues to the extent of Rs. 61,064.5 crore during 2010-11 and 2014-15. This has led to a "short payment" of Rs. 7,697.6 crore to the government, the Comptroller and Auditor General (CAG) of India said on Friday.
The CAG, in a report tabled in Parliament on Friday, said its audit indicated "total understatement of adjusted gross revenue (AGR) of Rs. 61,064.56 crore" by six operators.
For Bharti Airtel, Vodafone India, Idea Cellular, Reliance Communications and Aircel, the period of audit pertains to 2010-11 to 2014-15.
On the other hand, for Sistema Shyam, the window in reference is 2006-07 to 2014-15.
The report pointed to a "consequent short payment of revenue share to the Government of India to the tune of Rs. 7,697.62 crore".
"The interest due on short paid revenue share for the period up to March 2016 was Rs 4,531.62 crore," it said.