IIFL Finance receives GST penalty order of ₹15.05 Lakhs, plans appeal
IIFL Finance Limited has announced that it received an order from the Assistant Commissioner, GST Delhi on January 02, 2026. The order imposes a penalty of ₹15.05 Lakhs (Rupees Fifteen Lakhs Four Thou...
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Why is IIFL Finance Limited in the news today?
IIFL Finance Limited (IIFL) is in the news due to the company has received a penalty order, which is negative, but it plans to appeal and states there is no material impact, making the overall sentiment neutral.
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IIFL Finance receives GST penalty order of ₹15.05 Lakhs, plans appeal
January 2, 2026, 02:31 PM
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IIFL Finance Limited has announced that it received an order from the Assistant Commissioner, GST Delhi on January 02, 2026. The order imposes a penalty of ₹15.05 Lakhs (Rupees Fifteen Lakhs Four Thousand Five Hundred and Eight Only) for alleged non-payment of tax over Exempt Supplies for the Financial Year April 2021-March 2022.
The company intends to file an appeal against this order with the relevant appellate authority within the stipulated time. IIFL Finance stated that there is no material impact on the financials, operations, or other activities of the company due to this penalty.
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