Vodafone Idea shares to be in focus on Friday after GST penalty worth over ₹637 crore

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).