Business

Vodafone tax issue: Analjit Singh meets FM

  • PTI, New Delhi
  • |
  • Updated: Jul 26, 2013 01:03 IST

Faced with an over Rs 11,200-crore tax liability, Vodafone India chief Analjit Singh on Thursday met finance minister P Chidambaram for the second time in a week and expressed hope that there will be clarity soon on the proposal to settle the dispute through conciliation.

“I will be in a much better position to give clarity on tax settlement issue next week,” Singh told reporters after meeting the finance minister.

The British telecom major is facing a tax liability of over Rs 11,200 crore, along with interest, on its 2007 acquisition of Hutchison Whampoa’s stake in Hutchison Essar.

Singh said he would be meeting the finance minister again next week.

The British telecom major had earlier offered to settle the dispute through conciliation to which government agreed, but there are differences over the rules under which it would take place.

 

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