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 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, (VI) 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.
Vodafone Idea’s AGR Relief
Mint reported on 31 December 2025, that the had cleared a relief plan to freeze the ₹87,695 crore of adjusted gross revenues (AGR) dues for the next five years. The company will now be able to pay the amount from the financial year 2032 through the fiscal year 2041, according to people aware of the development.
This relief means that Vodafone Idea’s AGR amount will not increase or decrease from its current levels. However, officials aware of the development said that the reevaluation of dues is still under consideration, and the amount may be reduced later.
Vodafone Idea shares
Vodafone Idea shares closed 7.99% higher at ₹11.62 after Thursday’s session, compared to ₹10.76 at the previous market close, according to the BSE data.
Vodafone Idea shares have delivered stock market investors more than 3.84% returns in the last five years, and over 45% returns in the last one-year period.
On a year-to-date (YTD) basis, the telecom company’s shares have risen 4.03% in 2025, and have gained 17.12% over the last one-month period. However, Vodafone Idea shares have lost 3.41% in the last five sessions on the Indian stock market.
Shares of the telecom giant hit its 52-week high level at ₹12.80 on 31 December 2025, while the 52-week low level stood at ₹6.12 on 14 August 2025, the BSE data showed. The Vodafone Idea’s market capitalisation (M-Cap) stood at more than ₹1.25 trillion as of the stock market close on 1 Janaury 2026.
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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.