Legal23 Mar 2026, 06:31 pm
Music Broadcast Ltd Receives Nil Penalty Order in GST Dispute, Saving ₹89,63,361
AI Summary
Music Broadcast Ltd, a company with CIN L64200MH1999PLC137729, has received a Rectification Order from the Office of the Deputy Commissioner, Lucknow, Uttar Pradesh, under Section 73 of IGST/CGST/SGST Act, 2017. The order, received on March 19, 2026, has reduced the demand to ₹0 (incl. penalty) from the original ₹89,63,361. This decision comes after the company filed a rectification application for the initial demand order. The order has no quantifiable impact on the company's financial, operational, or other activities.
Key Highlights
- Music Broadcast Ltd receives Rectification Order for GST dispute
- Original demand of ₹89,63,361 reduced to Nil
- Company's rectification application led to the reduction
- No penalty imposed in the Rectification Order
- Order received by the Company on March 19, 2026