Hinduja Global Solutions Subsidiary Faces Service Tax Order Demand of ₹76.50 Crore for FY 2016-17
IndusInd Media and Communications Limited (IMCL), a subsidiary of Hinduja Global Solutions Limited, has received a Service Tax Order regarding financial year 2016-17. The order seeks the recovery of tax demand, penalty, and interest from the company concerning this fiscal period.The service tax action was initiated by The Principal Commissioner, Central Goods and Services Tax and Central Excise, Nagpur-I Commissionerate. According to details provided, the Service Tax Order dated August 4, 2026 addresses the short payment or non-payment of Service Tax for FY 2016-17.
The order specifies a demand amount totaling ₹76.50 crore, which includes the Service Tax demand along with equivalent amounts for penalty and interest.
However, IMCL has raised a significant point regarding the alleged violation. The company stated that it had neither received a notice nor the Service Tax Order concerning the short payment or non-payment of Service Tax for FY 2016-17. These notices and communications were reportedly sent by the CGST & Central Excise Department to an address that IMCL had vacated approximately two decades prior.
Presently, IMCL is examining the matter. The company has stated it will take up the issue with the relevant Authority and pursue appropriate legal steps regarding the Service Tax Order.
HGS Stock Price Movement
Hinduja Global Solutions Limited closed the trading day on a positive note, with equity ticking up 0.87% to settle at ₹423.50. The stock recorded a total traded volume of 18,701 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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