Telecom Lead India: The government has sent show-cause notices to 5 telecom firms including Airtel, Vodafone, Idea Cellular, Reliance Communications and Tata Teleservices for alleged understatement of revenues of over Rs 10,000 crore for financial years 2006-07 and 2007-08.
However, the issue has been stayed by the Kerala High Court, Telecom Disputes Settlement Appellate Tribunal and Chennai High Court, said Milind Deora, minister of State for Communication and IT.
The government sent show cause notices to Reliance for revenue under stated of Rs 3,402.92 crore, Tata Teleservices Rs 3,156.46 crore, Bharti Airtel Rs 1,927.50 crore, Vodafone Rs 1,490.94 crore and Idea Rs 848.87 crore.
The total amount of revenue under stated is Rs 10,826.69 crore and the total licence fee demand raised, which also includes interest is Rs 1,841.67 crore from these telecom companies.