Vodafone Idea Receives Order Under Finance Act, 1994

Vodafone Idea Limited (VIL) has received an order under the Finance Act, 1994. The company disagrees with the order and intends to take appropriate action for rectification or reversal. The order pertains to alleged non-payment of Service Tax on SMS Termination charges for the period between April 2011 and September 2012. The maximum financial impact corresponds to the tax demand, interest, and penalty levied.

Order Details

Vodafone Idea Limited received an order under Section 73(1) of the Finance Act, 1994. The order confirms a penalty of ₹8,77,75,653, along with applicable demand and interest.

Disagreement and Action

The company does not agree with this order and plans to take appropriate action(s) for rectification or reversal of the order. This was communicated in a filing dated January 6, 2026.

Issue Background

The order relates to alleged non-payment of Service Tax on SMS Termination charges for the period covering April 2011 to September 2012.

Financial Impact

The maximum financial impact from this order is related to the tax demand, potential interest, and applicable penalties levied by the authority.

Source: BSE

Previous Article

Info Edge Naukri JobSpeak Index for December 2025 Released

Next Article

Blue Jet Healthcare Compliance Certificate for Depositories and Participants Regulations