CL Educate Limited has informed the Exchange regarding 'Order in Original received from Office of the Assistant Commissioner of Central GST, Division Okhla, Delhi South Commissionerate'.
CLEDUCATE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CL Educate Limited informed the exchanges that its former wholly-owned subsidiary, CL Media Private Limited (merged into CL Educate in March 2022), has received a GST Order in Original from the Office of the Assistant Commissioner of Central GST, Delhi South. The order, dated December 26, 2025 and received on January 5, 2026, raises a demand of Rs. 15.46 crores (tax plus penalty) for the period FY18-19 to FY21-22. The allegation is excess availment of Input Tax Credit of about Rs. 1.4 crores, with the final demand amplified by penalties on multiple directors. The company plans to appeal the order through the statutory appellate process and will disclose it as a contingent liability in its FY26 financial statements if the liability persists.
The Rs. 15.46 crore demand is material relative to the size of the business and could weigh on sentiment if upheld, though the company is contesting it and the underlying tax dispute (about Rs. 1.4 crores) is much smaller than the inflated penalty figure. For now, no immediate cash outflow is expected; the matter remains a contingent liability pending appeal.