Crisil has received an assessment order related to a show cause notice regarding the admissibility of credit notes for the financial year 2018-19. The penalty levied amounts to INR 40,72,212. The company is planning to file an appeal against this demand. The company does not foresee any material impact on its financial, operational, or other activities.
Assessment Order Details
Crisil has been issued an assessment order following a show cause notice related to disagreements over the admissibility of credit notes during the financial year 2018-19. The communication from the Office of Assistant Commissioner of CGST & Central Tax, Division-VIII, Mumbai East, was received on December 31, 2025.
Penalty and Financial Impact
The order imposes a penalty of INR 40,72,212 related to Goods and Services Tax (GST). According to the company’s assessment, there is no material impact on the company’s financials, operations or any other activities. Crisil intends to file an appeal to contest the assessed demand.
Source: BSE
