Den Networks has informed that the Company has received an order dated February 03, 2025 (Order’) from the Joint Commissioner (ADJN), Central Tax and Central Excise, CGST Kochi Commissionerate, for recovery of differential tax amount of Rs. 33,25,97,247/- (along with applicable interest) and levying a penalty aggregating Rs. 33,25,97,247/- on the Company under Section 122(2)(b) read with Section 74(9) of the Central Goods and Services Tax Act, 2017, and corresponding Sections of the Kerala State Goods and Services Tax Act, 2017, for the period from July 2017 to March 2022. The Order has been passed alleging that the tax was payable by the Company on the gross amount charged by the Local Cable Operator (LCO) from the subscribers and not on the amount charged by the Company from the LCO. The Order is erroneous and the Company intends to file an appeal against the Order. The financial impact of the Order is to the extent of the amount involved therein. There is no material impact on operations or other activities of the Company due to the Order. Intimation of the Order was received by the Company on February 04, 2025, by e-mail, at 09:51 am (IST).
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 82.73 |
| Sun TV Network | 620.65 |
| GTPL Hathway | 71.60 |
| Network 18 Media Inv | 35.01 |
| TV Today Network | 113.50 |
| View more.. | |
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