Vodafone Idea Faces GST Penalty of Rs 17 Crore

Global telecom giant Vodafone Idea Limited has been directed to pay a penalty of Rs 16.96 crore for alleged non-payment of GST under the reverse charge mechanism. The GST demand order confirms a penalty of Rs 16,96,94,250, along with the applicable demand and interest.

In response, Vodafone Idea stated in a regulatory filing, “The Company does not agree with the Order and will take appropriate action(s) against the same.” The telecom operator plans to challenge the order before the relevant authority.

Vodafone Idea Share Price Surged by 2.85%, Company Refuse to Accept the GST Payment Levied on them

Last year, the debt-ridden telecom firm faced multiple GST demand orders totaling Rs 73 crore, including tax dues, penalties, and interest. The company received nine orders from various GST offices, primarily over alleged short payments of taxes and excess input tax credit (ITC) claims. Vodafone Idea had previously refuted the demand related to excess ITC utilization.

Bharatnet

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