CESC Limited received show cause notice from Goods and Service Tax (GST) Authority. Based on the merits of the matter, prevailing law and the advice of the counsel, the Company is planning to file a reply against the aforesaid notice disputing the demand raised therein and reasonably expects favourable orders from the appellant authorities. Name of the authority is Additional Director, DGGI, KZU, Kolkata.

Nature and details of the action(s) taken, initiated or order(s) passed: Issuance of Show Cause Cum Demand Notice under Section 74 of the CGST/WBGST Act, 2017. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 5, 2024. Show Cause Cum Demand Notice has been issued by GST Authority for the period July 2017 to March 2022 proposing demand of tax amounting to INR 540,687,506/- and penalty of INR 5,406,87,506/- along with applicable interest in terms of Section 50 of CGST/WBGST Act, 2017.

The Company will file a reply to the Show Cause Notice before the Adjudicating Authority disputing the demand raised under the said notice.