New Delhi, Feb. 19 -- Vodafone Idea share price jumped nearly 4% on Wednesday, after the telecom company's strong rebuttal against GST payment. Vodafone Idea shares gained as much as 3.96% to Rs.8.39 apiece on the BSE.

Vodafone Idea has received an order under the Central Goods and Services Tax (CGST) Act, 2017, dated February 18, requiring the payment of penalty and interest.

The order, issued under Section 73 of the CGST Act, pertains to alleged excess availment of Input Tax Credit and other matters for the financial year 2020-21. It confirms a penalty of Rs.97,16,875, along with the applicable tax demand and interest.

However, Vodafone Idea has refuted the claims made in the GST notice and stated that it will pursue appropriate meas...