Officials said the amount was not much to have any bearing on the fiscal position.
Government
will account the paid AGR
revenues, which is so far Rs 25,896 crore, as revenue receipts in
the current fiscal that will help the Finance Ministry tide over the
tax revenue shortfall expected in FY20 to some extent, sources said.
The
AGR amount may also go up till the end of this fiscal (March 31,
2020).
Though
officials said the amount was not much to have any bearing on the
fiscal position.
Government
had not accounted for this figure in the 2020-21 Budget as it was in
dispute but since this part amount has been received in the current
fiscal, it will be on a revenue receipt as these are actual receipts,
and any futuristic projections from sub judice cases cannot be done.
Then
there is the Rs 6,095 crore spectrum auction dues from past auctions
paid by the telcos on Tuesday that is already accounted for as the
non-tax revenue, so it will not have any bearing on the fiscal
positions, said sources.
For
FY20, the fiscal deficit is already pegged higher at 3.8 per cent.
The non tax revenue stands at Rs 2,52,083 crore in the April-Jan
period. Fiscal deficit has touched 128.5 per cent of budget estimate
by January-end.
Revenue
receipts during April-January were at Rs 12.5 trillion or 67.6 per
cent of the Revised Estimate (RE) for 2019-20. The government data
said that total expenditure at January-end was Rs 22.68 trillion or
84.1 per cent of RE, higher than 81.5 per cent in the corresponding
period of the last fiscal.
The
RE has pegged the target for collection of direct taxes for the
current fiscal, which ends on March 31, at Rs 11.70 trillion.
On
Tuesday MoS
Anurag Thakur told Rajya Sabha that the government has collected
Rs 7.52 trillion direct tax from April 2019 to January 2020. On
Tuesday the three telecom operators -- Airtel, Jio and Vodafone Idea
paid Rs 6,095 crore in total from past spectrum auction dues.
Separately
Tata Teleservices paid Rs 2,000 crore as reconciliation amount
towards AGR which took the total AGR dues so far paid by the telcos
to Rs 25,896 crore.
Last
month Economic Affairs Secretary Atanu Chakraborty had said that the
government has not included AGR dues payment in the Budget 2020-21.
"AGR dues payment has not been taken into account in the
Budget," Chakraborty said at a post Budget event in FICCI
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