It is difficult for Voda-Idea to repay arrears without government help

Vodafone Idea Company, which is struggling with its financial condition, has written a letter to the Department of Telecommunications. The company has said that it is not possible to repay the full statutory arrears of Adjusted Gross Income (AGR) without the help of the government. With this, the company says that the AGR can be repaid if the government helps immediately. The company has written a letter to the Ministry of Communications in which it has demanded that to help the telecom industry going through the crisis, the government should implement the base price system and also cut the fee. Permission has also been sought to repay the arrears in installments.

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The company has statutory dues of over Rs 53,000 crore. However, she has been able to pay hardly seven percent of it so far. Apart from this, the company said, "its financial condition is not good." She can fulfill her responsibilities only. At the same time, when the government gives the option of paying interest on the statutory arrears in installments, fines, and penalties.

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Along with this, pay the arrears of input tax credit collected under the Goods and Services Tax (GST) system. Apart from this, the company said that adjusting the GST dues of the government would help it to pay the statutory arrears. The company needs about Rs 8,000 crore as GST credit dues from the government based on its own assessment. The company has strongly appealed to the government for support by seeing its 10,000 employees and 300 million customers.

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