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Govt suspects under-reporting of revenues by Bharti, Vodafone Idea, Jio: report

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The government is likely to have ordered an audit of the financial findings of the telecom operators as it suspects the telcos were under-reporting their revenues, Times of India reported.

Govt suspects under-reporting of revenues by Bharti, Vodafone Idea, Jio: report
The government is likely to have ordered an audit of the financial filings of the telecom operators as it suspects the telcos were under-reporting their revenues, Times of India reported.
The government, which gains revenues from the telecom sector as a percentage of their adjusted gross revenues (AGR), feels that the financial filings by the top telecom companies may not be accurate, the report said citing an unidentified source.
Bharti Airtel, Vodafone Idea, Tata Tele (who has exited the business) and Reliance Jio are under the scanner, said the report.
Last year, a CAG report said the under-reporting of revenues was done through accounting adjustments for commission or discount paid by the companies to their distributors and promotional schemes, the report said.
Disclosure:
 RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.