ICRA Limited announced that it has received a notice of demand, interest and penalty from Office of the Deputy Commissioner of CGST&C. Ex, Division IX, Mumbai Central, Commissionerate. Name of the authority: Office of the Deputy Commissioner of CGST&C., Ex, Division IX, Mumbai Central, Commissionerate. Nature and details: CGST & SGST - INR 0.739 million.

Interest - INR 0.821 million. Penalty- INR 0.074 million. As per the notice, there is a short payment of tax resulting in demand, interest, and penalty in terms of the provisions of the CGST Act, 2017.