The license of Nepal Satellite has been scrapped by Telecom Nepal Telecommunications Authority for not clearing its tax dues.
Ajeya Sumargi is the owner of NST who has often been dragged into tax issues. Earlier this year, the Inland Revenue Department directed NST to give Rs 4.31 billion capital gains tax out of the gains the company has made while transferring 75 percent of its share to TeliaSonera.
According to the telecom regulator, NST has failed to clear around Rs. 1 billion to the government despite repeated calls from the authority.
NTA issued telecom service license to NST in 2007. The company had been providing telecom services to a limited number of customers based in the far-west region of the country. According to the telecom regulator, several telecommunication service providers in the country have not paid dues of around Rs 2.96 billion to the government. They include United Telecom Ltd, Smart Telecom, NST and BroadLink Network.