Tax & Penalty24 Jun 2026, 08:00 pm
Tata Teleservices Penalty Reduced to ₹7.57 Cr
AI Summary
Tata Teleservices (Maharashtra) Ltd has received an order from the Commissioner, CGST & Central Excise Commissionerate, Belapur, under Section 73 of the Finance Act, 1994. The order reduces a penalty from ₹36,14,39,671 to ₹7,57,41,389, along with applicable tax and interest. The penalty pertains to alleged irregular availment of Cenvat Credit during FY 2009-10 to 2011-12. The company disagrees with the order and plans to take appropriate action.
Key Highlights
- Penalty reduced from ₹36.14 Cr to ₹7.57 Cr.
- Order relates to alleged Cenvat Credit irregularities.
- Company disputes the order and will take action.
- Financial impact limited to tax, interest, and penalty.
Price Impact
More from TTML
Partnership28 Jul, 11:35 am
Tata Tele Services Partners Tata Communications for SMB AI Infrastructure
Board Meeting22 Jul, 12:51 pm
Tata Teleservices Board Approves Q1 FY27 Results, Extends RPS Redemption
Auditor22 Jul, 12:50 pm
Tata Teleservices (Maharashtra) Ltd Appoints T. P. Ostwal & Associates LLP as Statutory Auditors