LatestGoods & Service Tax (GST) 1 October 2026
MCX Faces ₹103 crore GST Bill for FY23
MCX has received a GST notice for FY23 demanding ₹103 crore in tax, interest and penalties. The tax authority’s claim poses a major financial hit, forcing the exchange to review the assessment and decide on a response quickly.
GST notice: MCX was served a GST notice for FY23 that totals ₹103 crore (tax, interest, penalty).
- Tax demand: ₹103 crore
- Reason: assessment for FY23
- Implication: significant cash outflow, possible legal challenge
The exchange must examine the notice and decide whether to contest or comply. For full details see the original post here.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.