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IL&FS Transportation Networks Limited Receives ₹96.96 Lakh Demand Notice

IL&FS Transportation Networks Limited

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January 14, 2026, 03:52 AM

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IL&FS Transportation Networks Limited has received a Demand Notice from the Assistant Commissioner of CGST & C. Ex., Division-IV, Mumbai East, on January 13, 2026. The notice, issued under the Finance Act, 1994, pertains to an outstanding Service Tax liability along with penalty, excluding interest, amounting to ₹96,96,046. This liability is related to alleged non-compliance for the Financial Year 2016-17.

The company is currently reviewing the Demand Notice and is assessing the necessary steps to address the matter. IL&FS Transportation Networks Limited has stated that there is no material impact on its financials, operations, or other activities as a result of this notice. The company will take appropriate actions following their review.

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