Goods And Services Tax office in Patna has ordered debt-ridden Vodafone Idea Ltd. to pay Rs 15.19 crore, along with a penalty of Rs 1.51 crore, for allegedly availing of input tax credit it was not eligible for in Fiscal 2020 and Fiscal 2021, a regulatory filing said on Wednesday.
Vodafone Idea said it does does not agree with the order and will take appropriate 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
