Quick Summary
Debt-laden telecom giant Vodafone Idea is facing fresh challenges as it has been hit with Goods and Services Tax (GST) demand notices totalling Rs 73 crore from various tax offices across India. The demands, which include penalties and interest, have been issued by nine different GST offices. Details of the Tax Demands The largest demand comes from the Kolkata GST office, which has issued a notice for Rs 33.44 crore, alleging tax shortfall on outward supplies and excess input tax credit (ITC
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
FAQ :
Vodafone Idea has been issued GST demand notices totalling Rs 73 crore.
The company has received nine GST demand notices from different tax offices.
The Kolkata GST office issued the largest demand notice, for Rs 33.44 crore.
Reasons include alleged tax shortfall on outward supplies, excess input tax credit availed, excess ITC claims, and underpaid taxes.
Vodafone Idea disagrees with the tax demands and plans to take necessary actions to rectify or reverse the orders.
CAclubindia
