Overview of AGR-Return Filing
Adjusted Gross Revenue is a kind of tax this is charged by means of telecom operators based totally on parameters; these are a basic price for usage and the second one as a licensing fee for sporting out telecom offerings within the United States of America. The technique of submission of these statements with the aid of telecom operators with the Controller of communique of debts (CCA) is referred to as AGR-go back filing. Any telecom license holder who has received the license as in step with the provisions of segment 4 of the country wide Telegraph Act has to submit the AGR statements with the CCA of the department of telecommunications.
Who has to file their AGR Return?
The following entities must report their AGR statements in India:
• UL VNO license—Unified License virtual network Operator
• UL ISP license—Unified License internet carrier company License
• UL ACS—Unified License ACS category B
• NLD license—Countrywide long Distance License
• ILD license—Worldwide long Distance License
Documents Required for Submission of AGR-Return Filing
Following is the listing of files required to file AGR-go back:
• Authorization letter for the consultant
• Certification of Incorporation
• A copy of the Telecom License
• Audited declaration of sales of the agency
• An audit record of the company
• Copy of Books of bills
Process of AGR-Return Filing
Following is the little by little manner of filing AGR return:
Step 1: The applicant has to go to the SARAS internet site. The website is designed via the authorities to deal with all the licenses issued with the aid of the branch of telecommunication. A telecom operator also can report AGR returns, financial institution guarantees and deduction claims through this internet site.
Step 2: The applicant has to fill within the info of the AGR returns at the portal. here the applicant should ensure that the calculations for the AGR go back organized them is compliant with the present day hints/ notifications issued by way of the branch of telecommunication.
Step 3: as soon as the information has been filled, the applicant has to add the documents. The file ought to corroborate the information filled in by the person and needs to be uploaded in PDF layout and .xls for excel sheets.
Step 4: The applicant, at this degree, need to take a printout of the AGR return form and the files. This shall are available in accessible for future reference in case of any objections or causes sought through the department.
Step 5: The applicant will have one final take a look at of the shape and put up the same to the department of telecommunication for scrutiny by the Controller of verbal exchange of debts officials.
Step 6: once the statistics has been submitted to the branch through the SARAS portal, it'll generate a receipt. keep this receipt safe as this shall act as the proof of timely AGR submitting by the operator.
Conclusion
In India, AGR Return Filing is an important compliance under the rules for the telecom license held by the Department of Telecommunications (DoT). It is designed to have telecom operators make proper declarations of their Adjusted Gross Revenue (AGR). License fees and spectrum usage charges are computed on this basis. Filing of returns becomes compulsory for the entities holding UL-VNO, UL-ISP, UL-ACS, NLD, and ILD licenses for the applicable period.
Filing is accomplished through the centralized portal known as SARAS, through which operators can submit returns, claims for deductions, and bank guarantees. The AGR Return Filing process is only possible through the submission of certain essential documentation, to include but not limited to audited financial statements, telecom licenses, and authorization letters. Particular attention should be paid to accuracy, completeness, and adherence to current guidelines issued by DoT, as nonconformity may lead to penalties or even audit.
The early filing of AGR return is a positive step for transparency between the operator and the government, as well as acceptance and accountability within the telecom sector, which has become much more prominent since all the mergers and acquisitions taking place in the sector. It is equally important for the operator to retain the receipt received at the time of submission, especially as a proof of compliance. The telecom operators are expected to take their filing seriously and ensure that the data they file are correct and up-to-date since they are supporting the continuance and regulatory stability of this fast-growing telecom sector in India.
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