Tax & Penalty5 Aug 2026, 04:40 pm
Hinduja Global Subsidiary Receives ₹76.5 Cr Service Tax Order
AI Summary
Hinduja Global Solutions Ltd's subsidiary, IndusInd Media and Communications Limited (IMCL), has received a Service Tax Order for FY 2016-17 from the Principal Commissioner, Central Goods and Services Tax and Central Excise, Nagpur-I Commissionerate. The order seeks recovery of Service Tax demand amounting to ₹76.50 crore, along with equivalent penalty and interest. IMCL states that it did not receive prior notices or communications as they were sent to an old, vacated address. The company is currently examining the matter and will take appropriate legal steps.
Key Highlights
- Subsidiary IMCL received a ₹76.50 crore Service Tax demand order.
- The order pertains to FY 2016-17 and includes penalty and interest.
- IMCL claims non-receipt of prior notices due to outdated address.
- The company is reviewing the matter and considering legal action.