HGS Subsidiary IMCL Receives Service Tax Order for ₹76.50 Crore Demand
HGS subsidiary IMCL received a Service Tax Order demanding ₹76.50 crore for FY 2016-17. The order includes penalty and interest. IMCL claims it did not receive prior notices as they were sent to an outdated address. The company is reviewing the matter and considering legal action.
A tax demand of ₹76.50 crore could impact the subsidiary's financial performance and operations, although the company is contesting the demand and exploring legal options.
The announcement details a significant financial demand (₹76.50 crore) from a tax authority against a subsidiary, which is inherently negative.
Hinduja Global Solutions Limited (HGS) has informed the stock exchanges about a Service Tax Order received by its subsidiary, IndusInd Media and Communications Limited (IMCL), concerning the Financial Year 2016-17. The order, issued by the Principal Commissioner, Central Goods and Services Tax and Central Excise, Nagpur-I Commissionerate, seeks recovery of Service Tax demand amounting to ₹76.50 crore, along with equivalent penalty and interest.
The order was dated August 4, 2026. The alleged violation pertains to short payment or non-payment of Service Tax for FY 2016-17.
HGS stated that IMCL had not received prior notices or demand letters for the alleged short payment as these communications were sent to an address vacated by IMCL approximately two decades ago. Consequently, IMCL did not have an opportunity to respond. The company is currently examining the matter and plans to take appropriate legal steps with the relevant authorities. This information will also be available on the HGS website.
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Hinduja Global Solutions Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Hinduja Global Solutions Limited. Read the original for the full detail.