Government Withdraws GST Demand Of Rs 202.8 Crore From Jagran Prakashan
Show cause notice was issued by the joint commissioner, state GST, Kanpur, to the company in this regard.
Jagran Prakashan, the publisher of the Hindi daily Dainik Jagran, has said the government has rescinded a goods and services tax demand of Rs 2,02.83 crore. The company said in a regulatory filing that it received an "order for dropping the proceedings" dated June 18, 2024, concerning the alleged GST demand of Rs 2,02,82,60,875, which includes a penalty of Rs 18,43,87,351.
A show cause notice was issued by the joint commissioner, state GST, Kanpur, to the company.
One such notice alleging GST demand of Rs 13.50 crore (including a penalty of Rs 1.22 crore) is under pursuance and the company, based on legal advice, believes that it has a strong case on merit, the filing said.
Jagran Prakashan has interests spanning printing and publication of newspapers and magazines, FM radio, digital, outdoor advertising and promotional marketing, event management and activation businesses.
The group brings out eight publications from 13 states and union territories in five languages. It also operates 39 FM radio stations and web stations.
For the year ended March 2024, Jagran Prakashan’s consolidated revenue from operations rose 4.18% year-on-year to Rs 1,933.91 crore.
(With inputs from PTI)
