CAG news: Due to this Tata company, the government lost Rs 645 crore, now the recovery will be done!

New Delhi: The Comptroller and Auditor General (CAG) on Monday said Tata Communications underreported its income during the financial years 2006-07 to 2017-18. Due to this the government got less by Rs 645 crore as license fee. Along with this, the CAG has stated the need to recover this amount from Tata Communications Limited.

According to the CAG report, ‘Profit and loss statement and bookkeeping in respect of NLD (National Long Distance), ILD (International Long Distance) and ISP (Internet Service Provider)-IT licenses for the period 2006-07 to 2017-18. Audit of the Adjusted Gross Revenue (AGR) details during the period revealed that gross revenue under-reported to the extent of Rs 13,252.81 crore. This led to a reduction of Rs 950.25 crore as license fee. According to the CAG, the DoT levied a fee of only Rs 305.25 crore on this company. “Even after subtracting the telecom department’s estimate of license fee of Rs 305.25 crore, the license fee remains Rs 645 crore,” the report said. This amount should be recovered from the company.