Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE.
Supreme Court last month held that non-telecom revenues have to be considered for calculating statutory dues.
Jio said that the telecom regulator TRAI is likely to initiate consultation process for revision in telecom tariffs.
Trai's move to reopen the deadline for ending IUC beyond January 2020 had forced Jio to levy a 6 paise per minute charge on its users.
The SC last month ruled in favour of the govt and directed telecom companies to pay as much as Rs 1.42 lakh crore.
Service providers have sufficient financial capacity to pay govt dues by monetising their existing investments and by issuing fresh equity.
Reliance Jio became the country's largest telecom operator with a subscriber base of 33.13 crore.
The government will hold spectrum auction for 5G and other bands in the current calendar year.
US President Donald Trump’s administration put the company on a blacklist in May, citing national security concerns.
Vodafone has come out with this scheme to attract new customers and make the existing ones happy.