Vodafone Idea Limited has informed the Exchange about announcement under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
IDEA · price
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Vodafone Idea Limited received a tax order from the Superintendent, Central Goods and Services Tax, Aizawl-I Range, Guwahati. The order under Section 74 of the GST Act confirms a penalty of Rs. 16,42,918 (approximately Rs. 16.4 lakh) along with a tax demand and interest. The alleged violation relates to non-payment of tax under reverse charge mechanism for the financial years 2018-19 and 2019-20. The order was received on 22 April 2026. The company has stated it does not agree with the order and will take appropriate legal action against it.
The penalty amount is relatively small relative to the company's scale, but the tax demand with interest could add to the financial burden. Legal costs may also arise. The company's decision to contest the order signals confidence in its position, though any adverse outcome could marginally affect financials.