Instead of recovering the Rs. 15,000 crore (exactly Rs. 12,488.93) from the private telecom firms which the CAG has found out as the amount of tax due from them for the fraud committed by showing under-valued revenue, the Congress and the BJP are shouting at each other accusing the other for the fraud.
By under valuing the revenues, the six telecom private companies viz. Bharti Airtel, Vodafone, Reliance Communications, Idea Cellular Tata Teleservices and Aircel India had cheated the government of its taxes, as part of the revenue sharing. The CAG had submitted its report to the government that theses companies had shown their revenue less by about Rs. 45,000 crores, resulting in a loss of Rs. 15,000 crore to the government.
The fraud has taken place during the period of Congress, but even after coming in to power, the BJP has not taken any action.
In the meantime, the DOT has stated that the process for the recovery is being initiated.
Whether UPA or NDA, both take a soft stand when it comes to the corporate, MNCs and big business. Of course, they are the governments of the corporates!