IL&FS Transportation Networks Receives ₹1.77 Crore GST Demand Notice for FY 2021-22

IL&FS Transportation Networks Limited has received a GST demand notice aggregating to ₹1.77 crores from tax authorities. The company disclosed this development through a regulatory filing under SEBI LODR Regulations on December 31, 2025.

GST Demand Notice Details

The demand notice was issued by the Deputy Commissioner of State Tax, Ghaziabad Sector-4, Ghaziabad, Uttar Pradesh on December 30, 2025. The notice pertains to outstanding GST liability for Financial Year 2021-22, along with applicable interest and penalty.

Parameter:	Details
Issuing Authority:	Deputy Commissioner of State Tax, Ghaziabad Sector-4
Total Demand Amount:	₹1,77,07,511
Legal Provision:	Section 73 of CGST Act, 2017
Notice Date:	December 30, 2025
Financial Year:	2021-22

Nature of Violation

The demand notice has been issued for alleged non-payment of GST liability for FY 2021-22. The total amount includes the principal GST liability along with interest and penalty components as prescribed under the Central Goods and Services Tax Act, 2017.

Company's Response and Impact Assessment

IL&FS Transportation Networks has stated that it is reviewing the demand notice and will take necessary steps on the matter. The company has assessed that there is no material impact on its financials, operations, or other activities due to this notice.

Impact Assessment:	Company's Position
Financial Impact:	No material impact
Operational Impact:	No material impact
Current Status:	Reviewing the demand notice
Next Steps:	Assessing appropriate action

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI LODR Regulations, which requires listed companies to inform stock exchanges about material events. The company provided detailed information as required under the relevant SEBI circular regarding regulatory actions and orders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.34%	+1.38%	+12.64%	-25.94%	-45.56%	+5.00%

IL&FS Transportation Networks Limited has received a significant GST demand notice from Haryana tax authorities, marking another regulatory development for the infrastructure company. The notice pertains to alleged tax non-compliance for the Financial Year 2018-19.

GST Demand Notice Details

The company received a demand notice of ₹25.06 crores from the Deputy Commissioner of State Tax, Gurugram (East) under the Government of Haryana. The notice relates to alleged non-compliance for the Financial Year 2018-19.

Parameter	Details
Issuing Authority	Deputy Commissioner of State Tax, Gurugram (East)
Total Demand Amount	₹25,06,16,761
Applicable Period	Financial Year 2018-19

Nature of Alleged Violation

The demand notice has been issued under the relevant sections of the GST Act. The violation relates to alleged non-payment of GST liability for the Financial Year 2018-19. The total amount of ₹25.06 crores likely represents the aggregate of the principal GST liability along with applicable interest and penalty components.

Company's Response and Impact Assessment

IL&FS Transportation Networks has indicated that it is currently reviewing the demand notice. The company will determine the appropriate course of action after a thorough assessment.

Assessment Area	Company's Position
Current Status	Reviewing the demand notice
Next Steps	Assessing appropriate response measures

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure ensures transparency regarding material developments that could potentially affect the company's operations or financial position.

The development adds to the regulatory matters that IL&FS Transportation Networks continues to navigate as it works through various compliance and operational challenges. The company's approach of reviewing the notice before determining next steps reflects a measured response to the tax authority's demands.