Tata Communications under-reporting gross revenue led to Rs 645 cr lower govt fee collection: CAG

Tata Communications under-reported gross revenue between 2006-07 to 2017-18 which led to a Rs 645 crore lower levy of licence fee during the period, the Comptroller and Auditor General of India (CAG) has said in a report.

The CAG, in the report, also said the amount needs to be recovered from Tata Communications Ltd (TCL).

“Audit scrutiny of Audited AGR Statements with reference to Profit & Loss Statements and Balance Sheets in respect of NLD, ILD and ISP-IT licenses of TCL for the period from 2006- 07 to 2017-18 revealed that there was an under-reporting of Gross Revenue (GR) by Rs 13,252.81 crore and consequent short levy of LF of Rs 950.25 crore,” it said on Monday.

Read more

You may also like

Comments are closed.