Vodafone Faces Rs 73-Crore GST Penalty Amidst Debt Struggles
Monday, 2 September 2024, 10:27
Significant GST Demand for Vodafone Idea
Vodafone Idea Limited (VIL) has been issued GST demand orders surpassing Rs 73 crore, including tax dues, penalties, and interest. This development, reported on September 2, arises from allegations of short payment of taxes and excess input tax credit (ITC) claims. The company disagrees with these orders and intends to pursue corrective measures.
Details of the Demands
- The Kolkata GST office imposed the highest penalty of Rs 33.44 crore.
- Noida's office ordered a payment of Rs 26.89 crore as penalty for excess ITC claims for FY 2019-20.
- Further penal orders also came from Patna, Chandigarh, Andhra Pradesh, Odisha, and Himachal Pradesh.
These developments signal a critical phase for Vodafone, which is grappling with an extensive debt burden.
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.