Vodafone Idea has received an order from the Office of the Additional Commissioner, Secunderabad, Hyderabad, confirming a penalty of Rs 6.78 crore, along with tax demand and applicable interest. As per the company’s filing with BSE, this penalty comes under the Central Goods and Services Tax Act, 2017.
The order has been passed under Section 73 of the Integrated, Central and State GST Acts and relates to an alleged excess claim of input tax credit (ITC) for the financial year 2021–22.
Company disputes findings
In its regulatory filing to the stock exchanges, Vodafone Idea said it does not agree with the order and will take “appropriate legal action(s)” against it.
“The maximum financial impact is to the extent of tax demand, interest and penalty levied,” the company said, adding that the disclosure was being made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the demand
According to the disclosure, the GST authority has confirmed a penalty amounting to Rs 6,78,07,980. The order also includes the underlying tax demand and interest, although the filing does not specify the break-up of these components.
The order was received by the company on 30 December 2025.
Regulatory disclosure
The disclosure has been made in line with SEBI’s master circular dated 11 November 2024, which requires listed companies to promptly inform stock exchanges of material regulatory actions, including tax orders with potential financial impact.
Vodafone Idea has said it will pursue legal remedies available under the law.
Vodafone Idea financials
Vodafone Idea reported a revenue from operations of 11,194.7 crore in Q2FY26, as per the company’s financials. The company also reported a loss of Rs 5,524.2 crore in the same period, marking a 23% decrease as its loss in Q2FY25 was Rs 7,175.9 crore.
Vodafone Idea Share Price
Vodafone Idea’s share price has jumped nearly 3.56% in intraday trade. The stock is up over 25.75% in the last 1 month. Furthermore, it is up 55.86% in 2025 so far.
