Vodafone Hit with Rs 73 Crore GST Demand and Penalty

Monday, 2 September 2024, 10:27

Vodafone, facing a staggering GST penalty of Rs 73 crore, is in the spotlight as the financial burdens increase. The telecom giant received multiple orders relating to alleged tax shortfalls and excess input tax credit. As Vodafone contests these penalties, the implications for Vodafone Idea loom large in the financial landscape.
Moneycontrol
Vodafone Hit with Rs 73 Crore GST Demand and Penalty

Overview of Vodafone's Financial Circumstances

Vodafone Idea Limited (VIL) has been imposed with a significant GST demand exceeding Rs 73 crore. This includes tax dues, interest, and penalties as indicated in a recent regulatory filing. The orders stem from allegations of tax short payments and improper claims of input tax credits.

Details of GST Demand Orders

Multiple GST offices have issued nine demand orders to Vodafone. The highest penalty of Rs 33.44 crore came from the Kolkata GST office for allegations of tax short payments on sales and excess ITC claims. Other local offices have imposed further penalties, with the Noida office demanding Rs 26.89 crore, while Patna has levied Rs 10.94 crore.

  • Kolkata GST penality: Rs 33.44 crore
  • Noida GST penalty: Rs 26.89 crore
  • Patna GST penalty: Rs 10.94 crore

Company's Response and Next Steps

Vodafone has stated that it disagrees with these GST orders and plans to pursue appropriate actions for rectification. The company asserts its commitment to resolving these issues effectively.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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