TORNTPOWER

Torrent Power Faces ₹94.7 Cr GST Demand Notice • ⚖️ Tax Demand Raised: CGST & SGST demand of ~₹94.7 Cr each (Total ~₹189.4 Cr incl. penalty) • 🏢 Issue Details: Related to GST on rent & ancillary services (FY19–Sep 2024) • 🚨 Penalty Included: Equal amount imposed as penalty under GST provisions • 📑 Company Response: Will challenge the order and file an appeal • 📊 No Immediate Impact: Company states no material financial impact currently 🔴 Impact: Negative (Sentiment-wise) Tax dispute adds uncertainty, though financial impact currently limited