GTPL Hathway Receives Rs 11.13 Crore GST Demand from Chennai North Commissionerate
GTPL Hathway Limited has received a GST demand order for Rs 11.13 crore from Chennai North Commissionerate dated March 23, 2026, alleging wrong input tax credit availment and short GST payment. The order includes differential tax, interest, and penalties under various GST acts. The company plans to file an appeal and states there is no operational impact, only financial impact to the extent of the demanded amount.
*this image is generated using AI for illustrative purposes only.
GTPL Hathway Limited has disclosed receiving a significant GST demand order from tax authorities, requiring the company to pay Rs 11.13 crore for alleged tax compliance violations. The company received the order on March 25, 2026, via speed post and has made the disclosure under Regulation 30 of SEBI listing requirements.
GST Order Details
The order dated March 23, 2026, was issued by the Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate. The tax authorities have alleged wrong availment of input tax credit and short payment of GST by the company.
| Parameter: | Details |
|---|---|
| Order Date: | March 23, 2026 |
| Demand Amount: | Rs 11.13 crore |
| Issuing Authority: | Principal Commissioner of CGST and Central Excise, Chennai North |
| Receipt Date: | March 25, 2026 |
| Receipt Time: | 12:00 noon (IST) |
Legal Framework and Penalties
The order has been passed under multiple GST legislations, creating a comprehensive demand structure. The differential tax amount of Rs 11.13 crore comes with additional financial implications including applicable interest charges.
The penalty has been levied under Section 74 of the Central Goods and Services Tax Act, 2017, along with provisions of:
- Tamil Nadu Goods and Services Tax Act, 2017
- Integrated Goods and Services Tax Act, 2017
Company's Response and Impact Assessment
GTpl Hathway has announced its intention to file an appeal against the order, indicating the company disputes the allegations made by the tax authorities. The company has provided a clear assessment of the order's impact on its operations.
| Impact Area: | Assessment |
|---|---|
| Financial Impact: | To the extent of amount involved in the order |
| Operational Impact: | No impact on operations |
| Other Activities: | No impact on other activities |
| Company Action: | Plans to file appeal against the order |
Regulatory Compliance
The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Company Secretary and Compliance Officer Shweta Sultania and addressed to both BSE Limited and National Stock Exchange of India Limited, ensuring proper regulatory notification of this material development.
Historical Stock Returns for GTPL Hathway
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.19% | -3.85% | -4.10% | -49.94% | -49.27% | -49.32% |
How might this GST dispute affect GTPL Hathway's quarterly financial results and cash flow management in the coming quarters?
Could this tax compliance issue trigger increased scrutiny from GST authorities on other cable and broadband operators in the industry?
What is the typical success rate for appeals against GST demand orders of this magnitude, and how long might the legal process take?
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