Important
Company Update
National Securities Depository LtdNSDL · Filed with the exchange
NSDL has received a Show Cause – cum – Demand Notice from the GST Authority, alleging non-payment of GST on royalty for brand and logo usage by its related associate entities from FY 2020-21 to FY 2023-24. The notice raises a demand of Rs. 28.68 Cr.
NSDL is evaluating the notice and intends to file a detailed reply, pursuing all available legal remedies.
The company states there is no immediate financial impact.
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