Crisil : Crisil Limited has informed the Exchange about Action(s) taken or orders passed
CRISIL · price
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Awaiting price reaction for this filing.
Crisil Limited has received an assessment order from the Office of State Tax Officer, Mandaveli Assessment Circle (South Chennai, Tamil Nadu), demanding a penalty of approximately ₹7.95 crore (INR 7,94,81,488) for FY 2020-21. The demand relates to GST on Export of Services and was issued under Section 74 of the CGST Act, 2017. The order was received on July 26, 2025. The company has stated there is no material impact on its financials, operations, or other activities, and it intends to file an appeal against the demand.
The penalty amount is relatively small compared to Crisil's overall financial position, and the company has confirmed no material impact while planning to appeal. Shareholders are unlikely to see a significant effect on the stock price, though the outcome of the appeal remains to be watched.