Tax & Penalty25 Jul 2026, 02:00 pm
NSDL Receives ₹50,000 GST Penalty Notice
AI Summary
National Securities Depository Ltd (NSDL) has received a Show Cause Notice from the Superintendent, Division Mumbai East, CBIC GST Bhavan, Mumbai. The notice proposes a penalty of ₹50,000 under the CGST Act, 2017, and CGST Rules, 2017. This penalty is due to a delay in filing an application for amendment of the Company's GST registration to remove a director's name. NSDL plans to submit its response within the stipulated timeline. The company states there is no material impact on its financial, operational, or other activities.
Key Highlights
- NSDL received a Show Cause Notice from GST authorities.
- Proposed penalty of ₹50,000 for delayed GST registration amendment.
- Penalty relates to the removal of a director's name.
- Company will respond within the timeline.
- No material impact on financial or operational activities.
Price Impact
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