Zaggle Prepaid Ocean Services Limited — Others, 03-06-2025: Action(s) initiated or orders passed

Zaggle has announced a penalty of Rs 2.59 Cr under the IGST Act concerning overriding commission for FY 2017-18, alongside smaller penalties on a director under CGST and SGST Acts. The company has appealed the order and expects a favorable decision. This clarifies ongoing tax litigation and signals limited financial risk, providing shareholders reassurance about potential liabilities.