Vodafone's GST Penalty: Rs 73 Crore Demand Hit Vodafone Idea Hard

Monday, 2 September 2024, 10:27

Vodafone's GST penalty is a staggering Rs 73 crore, impacting Vodafone Idea significantly. This demand involves tax dues, penalties, and interest. The company disputes these orders.
Moneycontrol
Vodafone's GST Penalty: Rs 73 Crore Demand Hit Vodafone Idea Hard

Significant GST Demand on Vodafone Idea

Vodafone Idea has been hit with an adverse GST demand, amounting to over Rs 73 crore, as revealed in a regulatory filing dated September 2. This includes tax dues alongside hefty penalties and interest fees.

Details of the Demand

This telecom giant has encountered nine separate orders from various GST offices, primarily centered on allegations of tax short payments and the improper claiming of input tax credits (ITC).

  • Max penalty from Kolkata GST office: Rs 33.44 crore.
  • Noida GST office imposed a penalty of Rs 26.90 crore.
  • Patna GST office's penalty: Rs 10.94 crore.
  • Additional penalties from Chandigarh, Andhra Pradesh, Odisha, and Himachal Pradesh offices.

Vodafone has firmly stated its disagreement with these orders, indicating plans for appropriate rectification or reversal actions.


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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