New Delhi Television Limited has informed the Exchange about the receipt of show cause notice issued by the Assistant Commissioner / GSTO, Ward 300 (E-Commerce), Zone 10, Delhi, under Section 61 of the Central Goods and Services Tax Act, 2017, the Delhi Goods and Services Tax Act, 2017, and the Integrated Goods and Services Tax Act, 2017.
NDTV · price
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NDTV has received a show cause notice from the GST authorities in Delhi alleging wrongful claim and use of excess Input Tax Credit (ITC) along with short payment of tax for financial years 2022-23 and 2023-24. The tax department has proposed an aggregate liability of about ₹13.69 crore for FY 2022-23 and ₹20.25 crore for FY 2023-24, taking the total potential exposure to roughly ₹33.94 crore including tax, interest, and penalty. The matter is still at the show cause stage and is subject to adjudication. The company has stated it is reviewing the allegations and will file its reply within the prescribed timeline, and has said there is no immediate impact on its financial position, operations, or activities.
This is a preliminary tax notice and not a final order, so the financial hit is not confirmed yet. However, a combined potential liability of around ₹34 crore is sizeable relative to NDTV's earnings and could weigh on the stock if upheld after adjudication, while a favourable resolution could remove that overhang.