Vodafone Idea Limited has received an order from the Commercial Tax Officer, Chandigarh, under Section 73 of the Central Goods and Services Tax Act, 2017. The order confirms a penalty of ₹97,16,875 along with applicable interest and demand for the financial year 2020-21. The company is accused of excess availment of Input Tax Credit (ITC) and other related violations.
The company has stated that it does not agree with the order and intends to take appropriate action for its rectification or reversal. Vodafone Idea emphasized that the financial impact of the penalty, tax demand, and interest levied is yet to be fully assessed, as it is contesting the order.
The company remains committed to resolving the matter and will pursue the necessary legal steps to ensure fairness.
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