Muthoot Finance GST Demand Reduced to NIL

Muthoot Finance received a rectification order dated March 24, 2026, reducing a prior GST tax demand and penalty of ₹1,91,46,142 to NIL.
The order was passed by the Assistant Commissioner, Central GST, Division I, Noida, UP, following a Writ Petition in the Allahabad High Court.
The company states there is no material financial, operational, or other impact on its activities as a result of this order.