AGENCIES, Mumbai: Struggling to clear revenue dues of Rs 53K cr to comply with a Supreme Court order, Vodafone Idea, the loss-making telco has sought 18 years time to clear the dues.
Meanwhile, the said telco has also a letter to the Department of Telecommunications suggesting tariff structure. Vodafone Idea wants to set the minimum monthly connection charge at Rs 50 from April 1, 2020 and has also sought fixing minimum tariffs for mobile data at Rs 35 per GB, which is about seven times the current rate (current mobile internet prices are in the range of Rs 4-5 per GB).
It wants calls to be charged at 6 paise per minute along with monthly charges from April 1, to help it pay statutory dues.
The company has revealed financial condition that includes massive losses, owing to falling market share and the payment of AGR dues to the government.
The demand to raise call and internet tariff now from Vodafone Idea comes within three months of it raising tariff by up to 50 per cent.
In the letter Vodafone Idea also suggested it could settle the balance of its self-assessed principal if a set-off of approximately Rs 8,000 crore worth of GST credits lying with the government was allowed. The company has requested a staggered payment mechanism for paying the balance amount of interest, penalty, and interest on penalty.