Vodafone Idea Limited announced receipt of an order from the Assistant Commissioner, Ernakulam Division, concerning the Central Goods and Services Tax Act, 2017. The order confirms a penalty demand of ₹34,97,279/- plus applicable interest and demand. The dispute relates to Input Tax Credit claimed from suppliers who failed to file GSTR-3B for FY 2019-20 through FY 2023-24. The Company disagrees with the findings and intends to pursue appropriate legal action.
Regulatory Disclosure on Tax Order
Vodafone Idea Limited disclosed details regarding an order received from a Goods and Services Tax authority, as required under listing regulations. The disclosure confirms that an order was passed by the Office of the Assistant Commissioner (Ernakulam Division, Kochi, Thiruvananthapuram, Kerala) on 25 March 2026.
Details of the Tax Implication
The order was issued under Section 74 of the Integrated/Central/State Goods and Services Tax Act, 2017. It mandates a penalty amount of ₹34,97,279/-, along with applicable interest and tax demand. The central issue leading to this order involves an Allegation of Input Tax Credit claimed by the Company from suppliers who had not filed their requisite GSTR-3B returns for the period spanning the financial years 2019-20 to 2023-24.
Company Stance and Financial Impact
The maximum quantifiable financial impact is stated to be the extent of the tax demand, penalty, and interest levied. Crucially, the Company does not agree with the Order. Management has confirmed its intention to take appropriate legal action(s) against the order to contest the demand.
Source: BSE
