Vodafone Idea slapped with Rs 73-cr GST demand, penalty orders

Vodafone Concept has actually been released need orders from various GST workplaces to pay over Rs 73 crore for claimed tax shortfalls and excess input tax obligation credit cases. The company contests the needs and means to look for rectification or turnaround of the orders, according to a regulative declaring.

The business has actually received a penal order of Rs 4,211 from Chandigarh GST office, Rs 1.57 crore order from Andhra Pradesh circle, Rs 9.51 lakh from Odisha, Rs 50,000 and Rs 36,000 from Himachal Pradesh workplace, according to the declaring.

Noida GST office has bought Vodafone Concept (VIL) to pay “penalty of Rs 26,89,94,489 along with demand and interest as appropriate” on September 1 for alleged “excess availment of ITC and short tax spent for FY 2019-20” by the business.

The GST office in Kolkata has imposed greatest penalty of Rs 33.44 crore on the firm together with demand of tax and interest on September 1 for “Alleged Tax short paid on outward supply, excess ITC availed”, according to the declaring.

VIL claimed that it does not agree with the orders and will certainly take ideal activity for the turnaround or correction of the orders. “The business does not concur with the orders and will certainly take suitable action(s) for correction/ reversal of the exact same,” the declaring stated.

Debt-ridden telecommunications company Vodafone Idea has actually been penalized need orders from various GST offices to pay over Rs 73 crore making up tax obligation dues with charge and rate of interest, a regulative filing said on Monday. The company has gotten nine orders from different GST workplaces primarily for claimed brief repayment of tax obligations and presumably availing excess input tax obligation credit scores (ITC).