GTPL Hathway has informed that the Company has received an order dated January 19, 2024 (Order) from the State Tax Officer, Adjudication (Intelligence), Adjudication Cell, Cuddalore, levying a penalty of Rs 1,01,72,314 on Air Media Network (Consignor)/ the Company (Consignee) under Section 129(1) of the Tamil Nadu Goods and Services Tax Act and the Central Goods and Services Tax Act, 2017 read with relevant provisions of the State Integrated Good and Services Tax Act, 2017. The Order has been passed alleging violation of Rule 55 and Section 138A of the Goods and Services Tax Act, 2017 by the Consignor by transporting goods from Tiruchendur to Chennai to the Consignee with defective documents. The Company has been legally advised that the Order cannot be passed against the Company since the Company is not the ‘owner’ of the goods. The Company will take appropriate legal action. Copy of Order was received by the Company on January 19, 2024 around 12:22 pm (IST).
The above information is a part of company’s filings submitted to BSE.