New Delhi, Jan 1 (IANS) Vodafone Idea on Thursday said it has received a GST penalty order of Rs 637.91 crore, passed under Section 74 of the Central Goods and Services Tax Act (CGST), 2017.In an exchange filing, the telecom company said it received the penalty order from the Office of the Additional Commissioner, Central Goods and Services Tax (CGST), Ahmedabad South, on December 31.The order has been passed under Section 74 of the Central Goods and Services Tax Act, 2017, “confirming a penal…
Latest AGR dues News & Updates
Mumbai, Dec 31 (IANS) Vodafone Idea on Wednesday issued a clarification after media reports claimed that the Union Cabinet had approved a five-year moratorium and frozen the company’s adjusted gross revenue (AGR) dues at Rs 87,695 crore.In a stock exchange filing, Vodafone Idea said the reports were speculative in nature and that it had not received any official communication confirming such a decision.“We have not received any communication from the Government in relation to the above repor…
New Delhi, Dec 31 (IANS) In a major relief for debt-hit Vodafone Idea, the Union Cabinet on Wednesday approved a support package that freezes a large part of the telecom company’s adjusted gross revenue (AGR) dues.As per the decision, Vodafone Idea’s AGR dues amounting to Rs 87,695 crore have been frozen as of December 31, according to reports.These dues will not have to be paid immediately and will instead be repaid over a long period of 10 years, starting from the financial year 2031–32 …