Tata Sky pays Rs 561 crore as licence fee for FY 2017-18
The company has paid a total of Rs 2,200 crore in the last fiscal ended on March 31, 2018.
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.