By Admin 
Vodafone Idea Share: Another problem has come to the fore for debt-ridden company Vodafone Idea. The company’s shares were showing signs of improvement but now it has been shocked by a big tax demand. Vodafone Idea has received a GST penalty order of Rs 637 crore from the Ahmedabad GST Commissioner’s office, due to which investors will keep an eye on its shares on Friday.
Investors’ confidence in the company may be shaken
Telecom operator Vodafone Idea Limited on Thursday (January 1) said that it has received a penalty order of Rs 638 crore from the office of the Additional Commissioner of Central Goods and Services Tax (CGST) in Ahmedabad. This order has been passed under Section 74 of the Central Goods and Services Tax Act, 2017. In this, the company has to pay Rs 6,37,90,68,254 towards tax demand as well as applicable interest.
What is the allegation against the company?
The company has been accused of underpayment of tax and excessive claiming of input tax credit during the financial year 2021–22. Vodafone Idea said that it received this order on December 31, 2025. The company said in its filing that it does not agree with this order and will take appropriate legal options against it.
Meanwhile, the interesting thing is that despite the news of GST order, the stock rose by about 8 percent on Thursday and closed at the level of Rs 11.62. Shares of this company with a market cap of more than Rs 1.25 lakh crore will be in focus. It will be important to see what impact the penalty order has on the shares today.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
Also read:
OYO took another step for IPO of Rs 6650 crore, submitted confidential papers with SEBI