Vodafone Idea Slapped with GST Demand and Penalty totaling Rs 73 Crore
Monday, 2 September 2024, 10:27
Vodafone Idea Confronts Substantial GST Penalty
Vodafone Idea, known as VIL, has been hit with a GST demand totaling over Rs 73 crore due to significant tax dues. This demand includes penalties stemming from various regulatory orders. On September 2, a regulatory filing revealed that Vodafone contests these orders, indicating potential actions for reversal or rectification.
Details of the Tax Demands
- The GST office in Kolkata imposed the highest penalty of Rs 33.44 crore.
- Another major penalty from Noida GST office amounts to Rs 26.89 crore.
- Additional penalties include Rs 10.94 crore from Patna, and smaller amounts from other states.
Despite these accumulations, Vodafone Idea maintains that it disagrees with the imposed penalties and plans to challenge the orders.
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.