Jagran Prakashan Limited has informed the Exchange about Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015
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Jagran Prakashan Limited has received Show Cause Notices from the Assistant Commissioner of Central GST & Central Excise (Audit), Ranchi under Section 74 of the CGST Act, 2017, dated July 8, 2025. The notice relates to alleged discrepancies in Input Tax Credit claims for the period FY2018-19 to FY2022-23 and seeks a tax demand of Rs 32.84 lakhs along with applicable interest and penalty. The company has stated, based on legal advice, that the notice is not tenable and that it has a strong case on merit. It will file a response within the prescribed timeline or explore other legal remedies. The company has clarified there is no material impact on its financials or operations at this stage.
The disputed amount of Rs 32.84 lakhs is small relative to the company's size, and management is confident of a favorable outcome. Shareholders should treat this as a routine tax compliance matter with negligible impact on the stock unless the dispute escalates adversely.