Vodafone Idea share price will be in the focus of the stock market investors on Friday, 2 Janaury 2026, after the telecom giant received a ₹637 crore goods and services tax (GST) penalty demand from the Office of the Additional Commissioner Jurisdiction – CGST, Ahmedabad, according to an exchange filing.

The Ahmedabad GST Commissioner’s office imposed a total GST penalty demand of ₹637,90,68,254 or more than ₹637 crore for an alleged short payment of tax along with an excess availment of Input Tax Credit (ITC).

“Order passed under Section 74 of the Central Goods and Services Tax Act, 2017 confirming penalty of Rs. 6,37,90,68,254/- along with the demand and interest as applicable,” the company informed the stock exchange through its filing.

What did Vodafone Idea say?

In the BSE filing, Vodafone Idea disclosed that the company does not agree with the GST commissioner’s order of the penalty demand and plans to take the necessary legal action against the move.

“The Company does not agree with the Order and will take appropriate legal action(s) against the same,” the telecom giant said.

On the financial impact front, Vodafone Idea said that the maximum financial impact will be to the extent of tax demand, the interest and the penalty due on the company’s financials, according to the BSE filing.

(This is a developing story. Please check back for updates.)

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Disclaimer: This story is for educational purposes only. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.