According to regulatory filing, the office of the additional commissioner, central goods and service tax (GST) in Chandigarh has imposed a penalty worth Rs 131.6 million on Vodafone Idea Limited (Vi).
As per the filing, the order was passed on January 10, 2024, against the telco for the alleged wrongful transition of central value-added tax (CENVAT) credit to the GST regime, levying a penalty of Rs 131,653,661. The company said that the maximum financial impact is to the extent of the tax demand, interest and penalty levied.
Vi has stated that it does not agree with the order and will take appropriate legal action(s) for rectification/reversal of the same.
