Vodafone Idea’s share price surged by 2.85% during trading on February 19, 2025, following the company’s refusal to accept the GST payment levied on February 4, 2025. In an official exchange filing, Vodafone Idea disclosed that it had received an order under Section 74 of the Central Goods and Services Tax Act, 2017, imposing a penalty of ₹16.96 crore for alleged non-payment of GST, along with additional demand and interest. However, the telecom operator has strongly contested these claims, asserting that it will explore legal and regulatory measures to rectify or reverse the order. Despite the stock’s positive movement today, Vodafone Idea has witnessed a steep decline of 17.07% over the past month, indicating significant volatility and investor concerns. On a broader scale, the stock has delivered a 14.62% return over the last three months, reflecting fluctuating market sentiment amid ongoing financial and regulatory challenges. Investors will closely monitor the company’s response to the GST dispute and its potential impact on its financial position and stock performance.
About Vodafone Idea
Vodafone Idea Limited is an India-based telecom service provider. It provides pan-India voice and data services across second-generation (2G), third generation (3G) and fourth generation (4G) platforms. Its Vodafone Idea business services provide communication solutions to global and Indian corporations, public sector and government bodies, small and medium enterprises, and start-ups. It offers voice services, broadband services, and content and digital offerings. Its other services include entertainment services, such as sports, interactive voice response (IVR)- based content, wireless application protocol (WAP)-based games; voice and short message service (SMS)-based services, such as caller tunes, voice and SMS chat, star talk, expert advice, and subscriptions services; and utility services, such as missed call alerts, doctor on call and astrology services. Its subsidiaries include Vodafone Idea Manpower Services Limited, Vodafone Idea Business Services Limited, among others.
