GTPL Hathway Faces Rs 11.13 Crore Demand Over Alleged ITC and Short GST Payment:

GTPL Hathway Limited has received a GST demand order alleging wrong ITC and short GST payment. The company plans to challenge the order before appropriate appellate authorities.
Company Plans To File Appeal Challenging Demand Order

GTPL Hathway Faces Rs 11.13 Crore Demand Over Alleged ITC and Short GST Payment
GTPL Hathway Limited has informed the stock exchanges that it has received a tax order dated March 23, 2026, from the Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate. The order alleges wrong availment of Input Tax Credit (ITC) and short payment of GST, leading to imposition of a total demand amounting to Rs 11.13 Crore, along with interest and penalty on the Company under Section 74. The company has stated that it plans to challenge the order through an appeal.
Background of the Case
According to the disclosure, the tax authorities have raised allegations against the company for incorrectly availing input tax credit and underpaying Goods and Services Tax (GST). According to this evaluation, the authorities issued an order under the relevant provisions of the Central Goods and Services Tax Act, 2017, and the Tamil Nadu Goods and Services Tax Act, 2017, along with the applicable provisions of the Integrated Goods and Services Tax Act, 2017.
Key Details of the Order
Financial Impact
The company stated that the financial impact of the order will be limited to the amount specified in the order. It further clarified that there will be no impact on the operations or other activities of the company as a result of this action.
Disclosure and Compliance
The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through a regulatory filing dated March 26, 2026, addressed to the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
| Company Name | GTPL Hathway Limited |
| Order Date | 23rd March, 2026 |
| Nature of the Issue | Wrong availment of input tax credit and short payment of GST |
| Tax Demand | Rs 11.13 crore along with applicable interest and penalty |
| Order Receipt Date | 25th March, 2026, at around 12:00 noon (IST) |
| Mode of Receipt | Speed Post |
| Company Action | The company intends to file an appeal |
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