TV18 Broadcast Limited has received an order dated July 23, 2023 from the Assistant State Tax Officer, Taxpayer Services Circle Kazhakoottam, Thirvananthapuram, Kerala, levying a penalty of INR 20,000 under Section 73 of GST Act, 2017 for alleged availing of excess input tax credit during the financial year 2017-18. The financial impact of the aforesaid order is to the extent of the penalty levied. The above order was received on July 23, 2023 at 5:41 p.m. The intimation is being made being the first working day after receipt of the order.