Vi to seek reversal of penalty order worth Rs 107 million received under CGST Act

In a regulatory filing with the Bombay Stock Exchange, Vodafone Idea Limited (Vi) said that it has received an order under the Central Goods and Services Tax (CGST) Act, 2017, entailing a penalty of Rs 107 million. The telco informed that it will seek rectification and reversal of the order, as it does not agree with it.

Vi said that the contravention related to the alleged wrong transition of central value added tax (CENVAT) credit into the GST regime. Citing details, it added that the order was received by the company under the CGST Act, 2017, entailing a levy of a penalty of Rs 107,656,733. The order was received on January 3, 2024.