Bharti Airtel, India’s second-largest telecom operator, has obtained a serious reduction. The telco’s GST demand has been lowered to Rs 194 crore from Rs 604 crore. The quantity was lowered by the Items and Providers Tax (GST) Apellate Authority after the telco challenged the unique quantity. The GST division was searching for Rs 604 crore from Airtel beneath the reverse cost mechanism on the license payment and spectrum utilization expenses on the demand observe issued by the Division of Telecommunications (DoT).
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After Airtel obtained the demand from the GST division, the corporate filed an enchantment towards it. The enchantment has gone within the favour of Airtel as the quantity has been lowered signficantly from Rs 604 crore to Rs 194 crore solely.
Airtel mentioned, “On an enchantment filed by the corporate to Commissioner (Appeals), Central Items and Service Tax Appellate Authority, Delhi, the Appellate Authority has handed an enchantment order decreasing the mentioned demand to Rs 194 crore.”
Bharti Airtel lately introduced its quarterly outcomes for Q1 FY25. You’ll be able to test it out by following the hyperlink under.
Learn Extra – Bharti Airtel Posts Web Revenue of Rs 4160 Crore in Q1 FY25, Up 158% YoY
