Vodafone Idea asked to pay Rs 15.19 cr GST, penalty of Rs 1.51 cr
Vodafone Idea has been ordered by the GST office in Patna to pay Rs 15.19 crore along with a penalty of Rs 1.51 crore for availing ineligible input tax credits in FY20 and FY21. The company disagrees with the order and plans to take legal action. ...
According to the filing, the Joint Commissioner for CGST and Central Excise in Patna passed an order under "Central Goods and Services Tax Act, 2017 confirming demand of Rs 15,19,20,351 along with penalty Rs 1,51,92,035 and interest as applicable."
The company received the order on August 28 alleging "availment of ineligible input tax credit for FY 2019-20 and 2020-21".
"The maximum financial impact is to the extent of tax demand, interest and penalty levied. The company does not agree with the order and will take appropriate action(s)," the filing said.
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