NTPC Limited has informed the Exchange about General Updates
NTPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NTPC has received an order from the Principal Commissioner of Central Tax, Visakhapatnam, demanding payment of tax, interest, and penalty under the Finance Act 1994, related to service tax on guarantee commission and CISF reimbursements for FY 2016-17 and 2017-18. The total demand is approximately ₹12.67 crore, comprising ₹6.33 crore in tax, applicable interest, and ₹6.33 crore in penalty. NTPC plans to file an appeal before CESTAT, Hyderabad within the prescribed timeline. The company has clarified that there is no material impact on its financials, operations, or other activities from this order.
The ₹12.67 crore demand is negligible relative to NTPC's overall scale, and the company has stated no material impact. Shareholders are unlikely to see any meaningful effect on the stock or fundamentals, though the appeal process will be monitored.