Business Standard

AGR dues: Voda Idea seeks relief; asks DoT for Rs 8,000 crore GST refund

The company has so far paid Rs 3,500 crore in AGR dues

AGR impact: Voda Idea posts biggest quarterly loss in India Inc history
Premium

The Voda Idea letter stated that though the company was not in a “sound financial state”, it could settle the balance of its self-assessed principal if a set-off of approximately Rs 8,000 crore worth of GST credits lying with the government was allowed

Megha Manchanda New Delhi
Financially stressed telecom operator Vodafone Idea, in a letter to the Department of Telecommunications (DoT), has sought the adjustment of goods and services tax (GST) refund to the tune of Rs 8,000 crore against its dues linked to adjusted gross revenue (AGR), an official told Business Standard on Wednesday. Even as the letter listed a number of demands, including a moratorium of three years and a 15-year staggered payment of the AGR-linked dues besides asking the government to set off its GST credit, the company’s chief executive officer, Ravinder Takkar, called on DoT Secretary Anshu Prakash again — making it

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 26 2020 | 3:57 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com