Vodafone Idea Hit with ₹16.7 Crore GST Blow: Patna Office Slaps Tax and Penalty Under Central Goods and Services Tax Act
The GST office in Patna has ordered Vodafone Idea, a company already struggling with debt, to pay ₹15.19 crore in taxes and a penalty of ₹1.51 crore. The issue revolves around the company allegedly claiming input tax credits (ITC) that it wasn’t eligible for during the financial years 2019-20 and 2020-21. This information was revealed in a regulatory filing on Wednesday.
Vodafone Idea, however, disagrees with the order and plans to take legal action. According to the filing, the Joint Commissioner for CGST and Central Excise in Patna issued the order under the Central Goods and Services Tax Act, 2017. The order demands a payment of ₹15.19 crore along with the penalty of ₹1.51 crore, plus applicable interest.
Vodafone Idea has stated that the maximum financial impact will be limited to the tax demand, interest, and penalty imposed. The company is preparing to challenge the order through appropriate legal channels.
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