Vodafone Idea in Focus After Two GST Orders: ₹79.56 Cr + ₹3.58 Cr Penalties, Company to Challenge Demands

said it has received two GST-related orders dated/received on December 24, 2025, including a penalty of ₹79.56 crore (plus tax demand and interest) linked to alleged additional demands on licence fees and spectrum usage charges for FY2018-19. A second order involves a ₹3.58 crore penalty (plus demand and interest) over alleged short payment of tax and excess input tax credit claims spanning FY2018-19 to FY2022-23. The company has stated it does not agree with the orders and will pursue appropriate legal steps for rectification/reversal, keeping the stock in focus on Friday due to headline risk and potential cash-flow overhang if appeals do not go in its favour. These developments add to Vodafone Idea’s broader regulatory/dues narrative that investors track closely alongside fund-raising and operational turnaround milestones. Source: Mint No Recommendations