GST Dept Reduces Penalty Imposed on Tata Teleservices (Maharashtra) from Rs 36.14 Crore to Rs 7.57 Crore:

GST Dept Reduces Penalty Imposed on Tata Teleservices (Maharashtra) from Rs 36.14 Crore to Rs 7.57 Crore Tata Teleservices (Maharashtra) Limited has disclosed that it has received an Order dated June 23, 2026, from the office of the Commissioner, CGST & Central Excise Commissionerate. As per the disclosure, the said order has been issued under Section 73 of the Finance Act, 1994, which has reduced the previously levied penalty on the company from Rs 36.14 crore to Rs 7.57 crore, along with tax and interest as applicable.

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The company had received the order on June 24, 2026, at 10:27 AM. The company was alleged to have availed irregular or ineligible CENVAT credit during the financial years 2009-10 to 2011-12. It has been clarified that the impact of the present action on the company's financial, operational and business activities is limited to the extent of the tax, interest and penalty imposed.

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Tata Teleservices (Maharashtra) Limited has informed the aforementioned information to the stock exchanges of India, comprising the Bombay Stock Exchange (BSE) Limited and the National Stock Exchange of India (NSE) Limited, under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and SEBI Master Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated January 30, 2026, via an Intimation dated June 24, 2026.