NIIT Gets Relief in GST Assessment with Nil Demand

NIIT Limited has received a favorable resolution in its GST assessment proceedings, with tax authorities issuing an order with nil demand that concludes a case initially involving ₹4.15 crore. The company informed stock exchanges about receiving the assessment order from the Assistant Commissioner of State Tax, Ward 203, Zone-11, Delhi.

GST Assessment Details

The assessment order pertains to proceedings under section 73 of CGST Act, 2017, which have now been dropped by the tax authorities. The case originated from a Show Cause Notice (SCN) received by NIIT Limited, which the company had previously disclosed to exchanges.

Parameter	Details
Assessment Authority	Assistant Commissioner, Ward 203, Zone-11, Delhi
Demand Amount	Nil
Original SCN Amount	₹4.15 crore
Status	Proceedings dropped under section 73 of CGST Act, 2017

Original Tax Demand Breakdown

The initial Show Cause Notice for FY2021-22 had demanded a total of ₹4.15 crore from NIIT Limited, broken down across multiple components. The demand arose due to various GST credit-related discrepancies identified by tax authorities.

Component	Amount (₹ crore)
Tax Demand	2.33
Interest	1.59
Penalty	0.23
Total Demand	4.15

Nature of Violations Alleged

The GST authorities had raised concerns regarding several credit-related mismatches in NIIT's tax filings for FY2021-22. The violations included:

Difference in credit appearing in GSTR-3B versus GSTR-2A
Credit availed from ISD (Input Service Distributor) taxpayer and credit appearing in GSTR-2A
Mismatch in tax declared in Annual Return

These discrepancies had prompted the tax authorities to issue the Show Cause Notice seeking explanations and demanding the substantial amount.

Impact and Resolution

NIIT Limited has stated that no action is required following the favorable assessment order. The company emphasized that there is no impact on its financial, operational, or other activities as the proceedings have been concluded with nil demand. This resolution provides clarity on the GST matter that had been pending.

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI Master Circular by informing both NSE and BSE about this development through its Company Secretary and Compliance Officer, Arpita Bisaria Malhotra.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.53%	-1.50%	-11.91%	-31.93%	-55.87%	+120.03%

NIIT Limited has announced the allotment of equity shares under its Employee Stock Option Plan, marking another step in its employee incentive program. The Share Allotment Committee of the company approved this allotment on December 11, 2025.

Share Allotment Details

The company has provided specific details about the recent share allotment to both major stock exchanges:

Parameter	Details
Shares Allotted	15,000 equity shares
Face Value	₹2.00 per share
Plan	Employee Stock Option Plan-2005 (ESOP-2005)
Allotment Date	December 11, 2025

Listing and Trading Formalities

NIIT Limited is currently in the process of completing the necessary formalities for listing these newly allotted shares. The company has indicated that it will file a listing application along with requisite documents with the stock exchanges shortly. This application will seek listing and trading approval for the 15,000 equity shares allotted under the ESOP-2005 scheme.

Regulatory Communication

The company has formally communicated this development to both BSE Limited and National Stock Exchange of India Limited. NIIT Limited trades on BSE under scrip code 500304 and on NSE under the symbol NIITLTD. The communication was signed by Arpita Bisaria Malhotra, who serves as Company Secretary and Compliance Officer.

This share allotment represents the company's ongoing commitment to its employee stock option program, which was established in 2005. The allotment follows the terms and conditions specified under the ESOP-2005 plan.