Vodafone Idea Faces Rs 13.16 Crore Penalty in GST Case

Last updated: 12 January 2024

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Vodafone Idea has been slapped with a penalty of Rs 13.16 crore by the GST additional commissioner's office in Chandigarh. The penalty is due to the alleged wrongful transition of CENVAT credit to the Goods and Services Tax regime. The telecom firm disagrees with the order and intends to pursue legal action to rectify or reverse the penalty.

In a recent regulatory filing on Thursday, Vodafone Idea disclosed that the GST additional commissioners office in Chandigarh has imposed a hefty penalty of Rs. 13.16 crore on the telecom giant. The order, issued on January 10, accuses the debt-ridden company of the wrongful transition of CENVAT cre

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FAQ :

Vodafone Idea has been fined Rs 13.16 crore.

The penalty was imposed by the GST additional commissioner's office in Chandigarh.

The penalty is for the alleged wrongful transition of CENVAT credit to the Goods and Services Tax (GST) regime.

Vodafone Idea disagrees with the order and plans to take appropriate legal action for rectification or reversal.

The order was issued on January 10th.

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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Vodafone Idea Faces Rs 13.16 Crore Penalty in GST Case