Vodafone Idea has received orders under the Central Goods and Services Tax Act, 2017, related to alleged excess input tax credit claims. The company disputes the orders and intends to pursue rectification or reversal. The total demand and penalty amount to ₹44.78 crore in one instance and ₹3.79 crore in another.
GST Order Details
Vodafone Idea has received orders related to Goods and Services Tax. The company intends to take appropriate action for rectification or reversal of the same.
Order 1: Guwahati Jurisdiction
An order has been passed by the Joint Commissioner, Guwahati, CBIC, confirming a penalty of ₹44,78,68,357, along with applicable demand and interest. This order pertains to alleged excess input tax credit claims for the period from April 2018 to March 2021.
Order 2: Mumbai Jurisdiction
Another order has been passed by the Additional Commissioner, GST & Central Excise, Mumbai East Commissionerate, confirming a penalty of ₹3,79,44,450 along with demand and interest as applicable. The allegation is related to wrongly availed input tax credit without actual receipts of goods or services and wrongly passed input tax credit without any supply of goods or services for FY 2018-19 to FY 2023-24.
Company Response
Vodafone Idea disputes the orders and is taking steps for rectification/reversal of the same. The maximum financial impact is to the extent of the tax demand, interest, and penalty levied.
Source: BSE
