Nazara Technologies has received an order rejecting its appeal against a tax demand of INR 2,83,96,324 and a penalty of the same amount. The original demand was related to non-receipt of export proceeds within the stipulated time for FY 2017-18 and FY 2018-19. The company is evaluating further legal options, including filing an appeal before the appropriate appellate authority.
Appeal Order Update
Nazara Technologies has been informed that an appeal against a tax demand has been rejected. The appeal order, dated December 30, 2025, and received on February 05, 2026, confirms the rejection by the Appellate Authority.
Background of the Tax Demand
The original tax demand, amounting to INR 2,83,96,324, along with a penalty of the same amount (INR 2,83,96,324), was imposed due to non-receipt of export proceeds within the stipulated timeframe for the financial years 2017-18 and 2018-19. The GST Authority had initially raised the demand.
Company’s Next Steps
Nazara Technologies is currently evaluating appropriate legal options, including potentially filing an appeal before the relevant appellate authority or tribunal. The company believes the financial impact will be limited to the demand and penalty levied, with no other material impact on financial operations.
Source: BSE
