NIIT Limited has informed the Exchange about Action(s) initiated or orders passed
NIITLTD · price
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Awaiting price reaction for this filing.
NIIT Limited received a GST Show Cause Notice (SCN) from the Assistant Commissioner of State Tax, Ward 203, Zone-11, Delhi on July 10, 2025. The notice demands an aggregate of Rs. 4.15 crore for Financial Year 2020-21, broken down as Rs. 2.33 crore in tax, Rs. 1.59 crore in interest, and Rs. 0.23 crore in penalty. The dispute centres on alleged mismatches in GST credit claims between GSTR-3B and GSTR-2A filings, ISD taxpayer credit issues, and discrepancies in the Annual Return. The company has stated that based on its initial assessment, the SCN is not maintainable and it will file a reply contesting it.
The Rs. 4.15 crore demand is modest in size and the company maintains it will not materially affect its financials or operations. Investors should view this as a routine tax dispute that management plans to defend, with no immediate cause for concern.