ASSOCHAM has sought urgent intervention of the telecom and IT minister Ravi Shankar Prasad for resolving the crisis resulting from the wider implication of Supreme Court’s (SC) order on adjusted gross revenue (AGR) on non-telcos.
As per the order, even internet service providers (ISPs), international long distance (ILD), national long distance (NLD), very small aperture terminal (VSAT) and other non-telecom licence holders would be required to calculate AGR.
As per the industry body, companies across sectors would face dues worth Rs 2.5 trillion for the last 10 years, which can increase further once all companies impacted by the judgment are identified and counted for previous years.
In a letter to the telecom ministry, ASSOCHAM has urged him to step in to avoid the unprecedented financial crisis across sectors, and to ensure business continuity and investments.
