Info Edge (India) Limited announced that the order passed by office of the Joint Commissioner, Jurisdiction - Corporate Circle, Greater Noida-2, Gautambudha Nagar(B), Uttar Pradesh. Nature and details of the action(s) taken, initiated or order(s) passed: Order is issued under Section 73 of CGST/UPSGST Act, 2017 for fiscal year 2018-19 for tax demand of INR 2,373,390 with applicable interest (not quantified) and penalty of INR 222,174. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 20, 2024.

Details of the violation(s) /conconvention(s) committed or alleged to be committed: The demand order has been received against the GST input tax credit availed by the Company amounting to INR 2,012,240 for the invoices issued by few vendors who had not furnished Form GSTR-3B and balance INR 361,150 is on account of minor issues identified during GST assessment for fiscal 2018-19. The order is currently appealable & the company will exercise right to appeal.