Mumbai, Jan. 2 -- The penalty has been imposed by the Office of the Additional Commissioner, Central Goods & Service Tax, Ahmedabad South, Ahmedabad. The order, passed under Section 74 of the CGST Act, confirms a penalty of Rs 637.90 crore along with applicable tax demand and interest.

The order alleges short payment of tax and excess availment of Input Tax Credit (ITC). The company said The maximum financial impact is to the extent of tax demand, interest and penalty levied.

Vodafone Idea stated that it does not agree with the order and will take appropriate legal action against it.

The company received the show-cause notice on 31 December 2025, while the disclosure was made through an official filing on 1 December 2026 after market h...