GTL Infrastructure Limited — Important, 05-02-2025: Updates

GTL Infrastructure Limited has received a summary order from the Deputy Commissioner of State Tax in Lucknow, following an earlier show cause notice regarding GST discrepancies for FY2017-18. Initially facing a demand of ₹893.99 Crore due to alleged inconsistencies between reported revenue and GST returns, the company has effectively addressed most issues during hearings. Consequently, the revised demand is now approximately ₹0.93 Crore, inclusive of tax, interest, and penalty. GTL Infrastructure is actively working on further submissions to defend its position, while the company does not anticipate any significant impact on its financial or operational activities. Watch closely for developments in this matter as it progresses.