Vodafone Idea faces ₹638 crore GST penalty, what’s next?Vodafone Idea faces ₹638 crore GST penalty, what’s next?

Introduction

Leading telecom operator received a ₹638 crore GST penalty from Ahmedabad South authority for alleged short payment of tax and excess input credit, and plans to challenge the order through legal action.

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Share price movement of Vodafone Idea

On January 2, 2026, Vodafone Idea Ltd opened at ₹11.70, up 0.69% from its previous close of ₹11.62. The stock reached a high of ₹12.04 (3.57%) and a low of ₹11.65. By 11:17 AM, it traded at ₹11.68, a 0.52% increase, with a market cap of ₹1,26,544.66 crore.

Vodafone Idea Faces ₹638 Crore GST Penalty

Vodafone Idea Limited received an order under Section 74 of the Central Goods and Services Tax Act, 2017. The penalty, demand, and interest total ₹638 Crore.

The order was issued by the Additional Commissioner, Central GST, Ahmedabad South. The company received the communication on December 31, 2025, and is reviewing the details.

Vodafone Idea stated it does not agree with the order. The company will pursue appropriate legal action. Financial impact is limited to the tax demand, interest, and penalty levied.

Stock performance of Vodafone Idea for Period of 1 week, 6 months, and 1 year

Vodafone Idea Ltd delivered a -2.85% return over the past week. It gained 57.6% in the past six months and 42.5% over the past year.

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Shareholding pattern of Vodafone Idea

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	25.60%	25.60%	38.80%
FII	6.00%	6.00%	10.10%
DII	54%	53%	27.50%
Public	14.70%	15.30%	23.60%

About Vodafone Idea

Vodafone Idea Ltd (NSE: IDEA) is a leading Indian telecom service provider offering mobility and long-distance services. The company also trades handsets and data cards across India, serving a wide customer base.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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