Legal9 Feb 2026, 07:21 pm
TV Today Network Ltd Receives Order from Commissioner CGST (Appeals) Noida for Revised Demand of ITC and Penalty
AI Summary
TV Today Network Ltd has received an order dated February 05, 2026 from Commissioner CGST (Appeals) Noida against the appeal filed on November 21, 2024 by the Company. The order raises a revised demand of ITC of Rs. 1,95,48,739/- plus applicable interest and penalty of Rs 19,54,873/- against the original demand of Rs. 2,16,11,820/- for contention of short payment of tax and ineligible Input Tax Credit availed by the Company for FY 2019-20. The Company will file an appeal against the aforesaid order before the Appellate Tribunal (GSTAT) in due course. As of now, there is no financial impact of the Order.
Key Highlights
- TV Today Network Ltd has received an order from Commissioner CGST (Appeals) Noida for a revised demand of ITC and penalty
- The order raises a revised demand of ITC of Rs. 1,95,48,739/- plus applicable interest and penalty of Rs 19,54,873/-
- The original demand was Rs. 2,16,11,820/- for contention of short payment of tax and ineligible Input Tax Credit availed for FY 2019-20
- The Company will file an appeal against the order before the Appellate Tribunal (GSTAT) in due course
- As of now, there is no financial impact of the Order
Price Impact
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