Diligent Media Corporation received a GST demand order of ~Rs. 3.99 crore for FY 2019-20 from Mumbai tax authority.
Demand relates to alleged non-levy of GST on transfer/assignment of leasehold rights of industrial plot sold to CTRL S (India) Pvt. Ltd.
Company plans to file a writ petition before the Bombay High Court, similar to an earlier petition filed for a related order.
Total demand includes Rs. 1.26 crore as interest and Rs. 1.47 crore as penalty, in addition to the base tax amount.