Just Dial Limited disclosed receiving an order on March 24, 2026, imposing a penalty of Rs. 8.74 crore related to alleged excess availment of Input Tax Credit (ITC) during the financial year 2019-20. The order also demands additional tax and interest totaling Rs. 18.89 crore. The company confirmed that the order has no impact on current operations and firmly intends to appeal the decision.
Significant Tax Authority Order Received
Just Dial Limited announced the receipt of an official order on March 24, 2026, from the Assistant Commissioner of State Tax in Mazgaon, Mumbai. This order concerns a previous disclosure made by the Company on December 5, 2024.
Financial Details of the Levy
The order imposes a penalty amounting to Rs. 8.74 crore on the Company. This penalty is levied under Section 74 of the Central Goods and Services Tax Act, 2017, and the corresponding Maharashtra state act.
The core allegation driving this order is the alleged excess availment of input tax credit (ITC) utilized by Just Dial on common services availed during the financial year 2019-20. Furthermore, the Order mandates the payment of additional tax demand, combined with applicable interest, resulting in an aggregate figure of Rs. 18.89 crore.
Company Response and Impact Assessment
The Company has clearly stated its intention to file an appeal against the punitive order received.
In terms of financial consequence, the Company affirmed that the financial impact is strictly limited to the total amount involved in the Order. Critically, management has confirmed that the issuance of this Order will have no impact on the ongoing operations or any other business activities of the Company.
Intimation regarding this Order was officially received via email by the Company on March 24, 2026, at 4:28 p.m. (IST).
Source: BSE
