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Vodafone Idea Ltd ( (IN:IDEA) ) has provided an announcement.
Vodafone Idea Limited has disclosed that it has received an order from the Assistant Commissioner, Central Goods and Services Tax & Central Excise, Patna West, under Section 73 of the CGST/SGST Act, 2017, confirming a tax demand with interest and a penalty of Rs 36.67 lakh related to alleged excess availment of input tax credit. The company has stated that it does not agree with the order and intends to file an appeal, indicating a limited but non-negligible financial exposure while signaling to investors and stakeholders that it will actively contest the indirect tax claim rather than accept the proposed liability.
More about Vodafone Idea Ltd
Vodafone Idea Limited is a major Indian telecommunications operator providing mobile voice and data services across the country, with a focus on consumer and enterprise connectivity in the highly competitive Indian telecom market.
Average Trading Volume: 76,493,104
Technical Sentiment Signal: Buy
Current Market Cap: 1294.7B INR
Find detailed analytics on IDEA stock on TipRanks’ Stock Analysis page.