CRISIL Receives ₹40.7 Lakh GST Demand Order for FY19; No Material Impact
CRISIL Limited has received an assessment order under the GST Act, 2017, from the Office of Assistant Commissioner of CGST & Central Tax, Division-VIII, Mumbai East. The order, dated December 31, 2025...
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Why is CRISIL Limited in the news today?
CRISIL Limited (CRISIL) is in the news due to the company received a gst demand order, which is typically a negative event. however, crisil limited has stated that there is no material impact and they plan to appeal, mitigating the immediate negative sentiment.
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CRISIL Receives ₹40.7 Lakh GST Demand Order for FY19; No Material Impact
January 1, 2026, 05:23 AM
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CRISIL Limited has received an assessment order under the GST Act, 2017, from the Office of Assistant Commissioner of CGST & Central Tax, Division-VIII, Mumbai East. The order, dated December 31, 2025, pertains to alleged disagreements regarding the admissibility of credit notes in FY 2018-19.
Specifically, a demand of ₹40,72,212 has been levied under Section 74(1) of the CGST Act, 2017. The company, however, states that this demand has no material impact on its financials, operations, or other activities. CRISIL Limited intends to file an appeal against the demand raised.
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