National Securities Depository Legal & Regulatory
National Securities Depository Limited received a GST demand notice of Rs. 28.68 Crore from Mumbai tax authorities. The claim relates to alleged non-payment of GST on royalty.
- Value
- ₹28.68 Cr
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National Securities Depository Limited received a GST demand notice of Rs. 28.68 Crore from Mumbai tax authorities. The claim relates to alleged non-payment of GST on royalty.
National Securities Depository Ltd received a GST show-cause notice imposing a penalty of ₹0.005 Crore. The company considers this event to have no material impact.
NSDL will pay Rs.0.5 Crore plus interest to the Investor Protection Fund. This financial disincentive follows a technical glitch occurring on July 26, 2023.
National Securities Depository Ltd approved the transfer of ₹1 Crore to its Investor Protection Fund as financial disincentives. The payment, mandated by SEBI, relates to technical glitches occurring on March 10, 2025, and February 03, 2026. The company stated there is no material impact on its financial or operational activities.