Tuesday, Mar 02, 2021 | Last Update : 01:04 PM IST

  Business   Companies  02 May 2018  Tata Sky pays Rs 561 crore as licence fee for FY 2017-18

Tata Sky pays Rs 561 crore as licence fee for FY 2017-18

PTI
Published : May 2, 2018, 6:22 pm IST
Updated : May 2, 2018, 6:22 pm IST

The company has paid a total of Rs 2,200 crore in the last fiscal ended on March 31, 2018.

Tata Sky on Wednesday said it has paid Rs 561 crore as licence fee to the government for 2017-18 financial year.
 Tata Sky on Wednesday said it has paid Rs 561 crore as licence fee to the government for 2017-18 financial year.

New Delhi: Leading Direct-to-Home operator Tata Sky on Wednesday said it has paid Rs 561 crore as licence fee to the government for 2017-18 financial year.

The company has paid a total of Rs 2,200 crore in the last fiscal ended on March 31, 2018, which includes GST, state entertainment taxes and some other taxes, Tata Sky said in a statement.

 

The Information & Broadcasting (I&B) ministry rules mandate DTH operators to pay 10 per cent of their gross revenue as their annual fee to the government.

Commenting on the development Tata Sky MD & CEO Harit Nagpal said: "With the payment made today, we have paid Licence Fee, past and current as per specified rates, regardless of pending litigations between the government and the platforms." Tata Sky is a joint venture between the Tata Sons and 21st Century Fox.

According to the company, it has footprints spread across 1.5 lakh towns with over 18 million connections.

Tags: direct-to-home, tata sky, licence fee, entertainment tax, goods and service tax, i&b ministry
Location: India, Delhi, New Delhi