GST demand order of Rs 33.90 crore on Diligent Media Corporation
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Diligent Media Corporation received a GST Demand Order of Rs. 33.90 crore (including interest and a penalty of Rs. 10.32 crore) from the Maharashtra State Tax department. The demand relates to FY 2018-19, for alleged non-payment of GST on the assignment of leasehold rights of an industrial plot in Mumbai. The tax department classifies the transfer as a taxable supply of services, while the company argues it is a transfer of land and not liable to GST. The company had already made submissions before the authority and will pursue further legal remedies. No restrictions or sanctions have been imposed on operations.
Contested Rs 33.90 crore demand creates a financial liability risk if the legal challenge fails, though no operational restrictions apply.