Vodafone Idea asked to pay Rs 15.19 cr GST along with Rs 1.51 cr penalty

Quick Summary:

According to the filing, the Joint Commissioner for CGST and Central Excise in Patna passed an order under "Central Goods and Services Tax Act, 2017 confirming demand of Rs 15,19,20,351 along with penalty Rs 1,51,92,035 and interest as applicable".

GST office in Patna has ordered debt-ridden Vodafone Idea to pay Rs 15.19 crore, along with a penalty of Rs 1.51 crore, for allegedly availing of input tax credit it was not eligible for in FY20 and FY21, a regulatory filing said on Wednesday.

Vodafone Idea (VIL) said it does does not agree with the order and will take appropriate legal action.

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Category: BusinessFinance

Markets: India

Topics: Tax notice Vodafone Idea GST office GST tax demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 23:46:40 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 277 words

Reading Time: 2 minutes read

Sentences: 11 lines

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Copyright Owner: © Business Standard

News ID: 22291803

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