Vodafone Idea Faces ₹638 Cr GST Penalty Demand, Plans Legal Challenge

Vodafone Idea has received an order from the Office of the Additional Commissioner, Central GST, Ahmedabad South, raising a penalty of ₹637.9 crore, along with tax demand and interest. The demand relates to alleged short payment of tax and excess availment of input tax credit (ITC). The company has disagreed with the order, stating that it believes the demand is not in accordance with the law, and has confirmed it will take appropriate legal action against the decision. This development keeps the stock in focus, though the matter is under dispute and not a confirmed liability at this stage.