Quick Summary
In a significant relief to Jagran Prakashan, the publisher of the widely-read Hindi daily Dainik Jagran, the government has rescinded a substantial goods and services tax (GST) demand totaling Rs 202.83 crore. The company disclosed in a regulatory filing that it received an order for dropping the proceedings dated June 18, 2024, pertaining to the alleged GST demand of Rs 202,82,60,875, which included a penalty of Rs 18.44 crore. Background and Current Status The GST demand was initiall
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FAQ :
The GST authorities have withdrawn a demand totaling Rs 202.83 crore against Jagran Prakashan.
Jagran Prakashan publishes the widely-read Hindi daily, Dainik Jagran.
The order for dropping the proceedings was dated June 18, 2024.
Yes, the company is currently facing another GST demand notice for Rs 13.50 crore, which includes a penalty.
Jagran Prakashan's business interests include printing and publishing newspapers and magazines, FM radio, digital media, outdoor advertising, promotional marketing, and event management.
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