IIFL Finance has received an order from GST Delhi imposing a penalty of ₹15.05 Lakhs. The penalty relates to the alleged non-payment of tax over Exempt Supplies for the financial year April 2021-March 2022. The company intends to file an appeal against the order with the relevant appellate authority within the stipulated timeframe. IIFL Finance believes this penalty will not have a material impact on its financials or operations.
Penalty Order Received
IIFL Finance has received an order imposing a penalty from the Assistant Commissioner, GST Delhi, on January 2, 2026.
Details of the Penalty
The order imposes a penalty of ₹15.05 Lakhs for the alleged non-payment of tax over Exempt Supplies for the financial year April 2021-March 2022.
Company’s Response
IIFL Finance intends to file an appeal against the order with the relevant appellate authority within the stipulated time.
Impact Assessment
The company believes that there will be no material impact on the financials, operations, or other activities of the company due to this penalty.
Source: BSE
