Vodafone Idea Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding order passed under Central Goods and Services Tax Act, 2017
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Vodafone Idea has received an order from the Joint Commissioner of CGST & Central Excise, Bihar, under Section 74 of the Central Goods and Services Tax Act, 2017, confirming a demand of Rs. 21,39,65,022 (approximately Rs. 21.4 crore) along with penalty and applicable interest. The order, received on 5 August 2025, relates to alleged short payment of tax under the reverse charge mechanism. The company has stated it does not agree with the order and intends to file an appeal. The maximum financial exposure is limited to the demanded tax, interest, and penalty.
The Rs. 21.4 crore demand is modest relative to Vodafone Idea's overall financial obligations and is unlikely to materially affect the stock. The company's decision to appeal means the matter remains contested, so there is no immediate cash outflow expected.