Intellect Design Arena Ltd receives GST demand order of INR 88 crores

Intellect Design Arena Limited has received an order under Section 73 of the GST Act, 2017, wherein a demand of INR 79.61 crores and a penalty of INR 8.16 crores has been imposed primarily relating to inter-company transactions. The company will pursue legal remedies to challenge this demand and does not expect a significant financial impact.,