Telecom cos under lens for under-reporting revenues of Rs 10K cr

The government has served showcause notices to various telecom firms for alleged under-reporting of revenues of over Rs 10,800 crore till November 2012, Lok Sabha was informed on Friday.

"We have served notices for claims of Rs 10,826.69 crore (Rs 108.26 billion) to different telecom companies for under-reporting of revenues till November 2012," Finance Minister Arun Jaitley said during Question Hour.

He, however, said most of the companies have approached the Telecom Disputes Settlement Appellate Tribunal and various courts against the government notices for claims of under-reporting and the tribunal and courts gave stay orders.

The Finance Minister refuted the claims by AAP member Bhagwant Mann that no case of under-reporting of revenue was registered by the government saying it was the Department of Telecom which dealt with such cases and not the Securities Exchange Board of India.

Many cases of under-reporting of revenues were registered by the DoT, he said.