Vodafone Idea: Rs 64.91 lakh GST penalty order, company to contest

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.4%+0.7% vs market

Telecom - Cellular & Fixed line services peers, median of 7sector-1.2%+1.5% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and 1.5 pts more than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Vodafone Idea received an order from the Joint Commissioner of State Tax, Nava Raipur, Chhattisgarh under Section 73 of the CGST Act, 2017. The order confirms a penalty of Rs 64.91 lakh along with tax demand and applicable interest. The allegation is excess claim of Input Tax Credit during FY 2021-22. The company disagrees with the order and plans to take appropriate action for rectification or reversal.

Likely market impact

Small financial hit (under Rs 65 lakh plus interest); company is contesting. Tax disputes are routine and unlikely to move the stock.