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Vodafone Idea Stock Slips After GST Orders Even as Turnaround Hopes Hold
Vodafone Idea shares dipped after GST penalty orders worth ₹83 crore, though improving financial trends, fund-raising, and regulatory hopes continue to support longer-term sentiment.
Shares of edged lower after the company disclosed receiving GST penalty orders with a combined exposure of over ₹83 crore from authorities in Mumbai and Bengaluru. The largest order relates to alleged additional dues on licence fees and spectrum usage charges for FY19. Vodafone Idea said it disagrees with the tax demands and plans to pursue legal remedies, adding that the financial impact would be limited to assessed tax, interest, and penalties.