Vodafone Idea Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding Order received by Company under Central Goods and Services Tax Act, 2017
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Vodafone Idea has received an order dated August 1, 2025, from the Additional Commissioner of CGST & Central Excise, Bihar, under Section 73 of the Central GST Act, 2017. The order confirms a tax demand along with a penalty of approximately Rs. 29.68 lakh and applicable interest, alleging that the company availed ineligible Input Tax Credit (ITC). The company has stated that it disagrees with the order and intends to file an appeal against it. The financial impact is limited to the tax demand, interest, and penalty amount.
For a company of Vodafone Idea's size, the Rs. 29.68 lakh demand is a small amount and unlikely to materially affect financials or stock price. Shareholders should note this is a routine tax dispute and the company will contest it through appeal.