Shares of IL&FS Transportation Networks are likely to remain in focus after the company informed stock exchanges that it has received a GST demand notice amounting to Rs 1.77 crore, including interest and penalty.
In a regulatory filing dated December 31, 2025, the company said it received the notice on December 30, 2025 from the Deputy Commissioner of State Tax, Ghaziabad Sector-4, Uttar Pradesh, under Section 73 of the Central Goods and Services Tax (CGST) Act, 2017, for the financial year 2021–22 .
Details of the GST demand
According to the filing, the demand relates to non-payment of GST liability for FY22. The total amount claimed by the tax authority, including applicable interest and penalty, stands at Rs 1,77,07,511 .
The company clarified that it is currently reviewing the demand notice and will take necessary steps in accordance with applicable laws.
Impact on operations and financials
IL&FS Transportation stated that the GST demand does not have any material impact on its financials, operations, or other business activities at this stage. The company added that it is assessing the matter and evaluating the next course of action .
The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was shared with both BSE and NSE for information and record purposes.
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