Cable TV

Financial books of some Kolkata MSOs should be audited: Analysts

KOLKATA: At a time when some multi-system operators (MSOs) in Kolkata are stuck in a legal battle with the government authorities over non-payment of taxes, city-based analysts feel that the financial books of some MSOs should be duly audited.

“Some MSOs should be audited by the authorities as non-payment of taxes is causing loss to the state as well as central exchequer,” says a cable TV analyst Mrinal Chatterjee.

Last year, in August 2013, Kolkata-based MSO Kolkata Cable & Broadband Pariseva Ltd (KCBPL) managing director Bijoy Kumar Agarwal was arrested for evading service tax payment to the tune of Rs 5.52 crore. Agarwal was arrested during a raid conducted by the service tax officials probing the alleged financial irregularities of the MSO.

Says a local cable operator (LCO), “All these years, it was the LCOs who were held responsible for all the deeds and misdeeds. Now digitisation has helped in unfolding the truth that even the MSOs are resorting to unfair means to do their business. The government authorities must look into the matter seriously.”

Trouble for operators in Kolkata seems to be intensifying. Before it was the Telecom Regulatory Authority of India (TRAI) and now they are being closely monitored by the tax inspectors, police authorities and even the judiciary.

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