Vodafone India H1 revenue jumps 13.3%
Vodafone Group has also decided against making about Rs 12,000 crore worth of provision for the tax it may have to pay under the retrospective changes brought into taxation laws.
"Should further demand for taxation be received by Vodafone International Holdings BV's (VIHBV) or any member of the Group as a result of the new retrospective legislation, the Group believes it is probable that it will be able to make a successful claim under the BIT (bilateral investment treaty), which will not result in an outflow of economic benefits from the Group," it said.
The Group did not carry a provision for the litigation or in respect of the retrospective legislation at September 30, 2012 or at previous reporting dates, it added.
Vodafone India registered strong growth in data revenues at 12.4 per cent in first half. The active data customers totalled 32 million, including about 2.1 million 3G data customers as on September 30, 2012.
According to a Vodafone Plc statement, voice revenue from India stood at GBP 1,582 million, while messaging revenue was GBP 74 million, data revenue GBP 168 million and fixed line revenue GBP 9 million during first half.
Vodafone makes no provision for Hutch deal tax claim
British telecom giant Vodafone has decided against making a provision in its balance sheet for the over Rs 11,000 tax claim made by Indian authorities for its 2007 deal
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