IDEA

Vodafone Idea : Co. Faces GST Demand ⚠️ • 🏛️ GST Order Issued: Order passed under GST Act by Kerala authority • 💰 Tax Demand: ₹34.97 Cr demand + interest & penalty • 📊 Reason: Input Tax Credit (ITC) mismatch from suppliers (FY20–FY24) • ⚖️ Company Stand: Disputes order, will take legal action • 📅 Order Date: Received on 25 March 2026 🔴 Impact: Negative Adds financial liability & legal overhang for already leveraged company