MCX gets GST notice proposing ₹103 crore tax demand
In short
MCX has received a GST notice for FY23 that proposes ₹103 crore in tax, interest and penalty. The company’s shares still ended the day at ₹3,300, up ₹58, or 1.79%, on the BSE.
This matters because the notice could add a tax cost for the exchange. The report does not say how MCX plans to respond or whether the demand will stand.
What the reporting says
Multi Commodity Exchange of India Ltd received a GST notice proposing ₹103 crore in tax, interest and penalty for FY23, according to the headline and reporting. The market summary also says MCX shares ended at ₹3,300, up ₹58 or 1.79% on the BSE. The source does not state the notice details, MCX’s response, or whether the demand is final.
Why it matters
Multi Commodity Exchange of India Ltd received a GST notice proposing ₹103 crore in tax, interest and penalty for FY23. The reporting also says MCX shares ended at ₹3,300, up ₹58 or 1.79% on the BSE. The source does not explain the basis of the notice or provide the company’s response, so the outcome remains unknown.