CRISIL Limited has informed the Exchange about Action(s) initiated or orders passed
CRISIL · price
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Awaiting price reaction for this filing.
Crisil Limited has received a GST assessment order from the Office of Assistant Commissioner of CGST & Central Tax, Division-VIII, Mumbai East. The order levies a penalty of Rs 40,72,212 under Section 74(1) of the CGST Act, 2017, for alleged disagreement regarding the admissibility of credit notes in FY 2018-19. The order was received on 31st December 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 negligible relative to Crisil's overall financial size, and the company has stated no material impact. Shareholders are unlikely to see any meaningful effect on the stock; the outcome of the appeal will be the next point to watch.