Vodafone Idea Limited Receives Order Under CGST Act Regarding Tax Non-Payment
Vodafone Idea Limited has confirmed the receipt of an order from tax authorities concerning alleged non-payment of tax under the Central Goods and Services Tax Act, 2017.The order was passed by the Superintendent, Central Goods and Services Tax, Aizawl-I Range, Guwahati, following an investigation into alleged non-payment of tax under the reverse charge basis.
The details provided regarding the action taken and the alleged contraventions are as follows:
| Particular | Details |
|---|---|
| Authority | Superintendent, Central Goods and Services Tax, Aizawl-I Range, Guwahati |
| Nature of Order | Order passed under Section 74 of Integrated/Central/State Goods and Services Tax Act, 2017. |
| Financial Implication | Confirms a penalty of Rs. 16,42,918/- along with applicable demand and interest. |
| Alleged Violation | Non-payment of tax under reverse charge basis for the financial years 2018-19 and 2019-20. |
| Date of Order Receipt | April 22, 2026 |
The company noted that the maximum financial impact of the order relates to the tax demand, interest, and penalty levied.
Vodafone Idea Limited stated that it does not agree with the order received and intends to take appropriate legal action against the same.
IDEA Stock Price Movement
Shares of Vodafone Idea Limited are edging higher to ₹9.55 as of 1:34 PM today, marking a gain of 0.10%. The stock is currently trading within an intraday range of ₹9.48 to ₹9.61, accompanied by a volume of 232.94 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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