Zee Entertainment hit with Rs 17 Crore GST demand—Here’s what will happen next

Zee Entertainment Enterprises Ltd. (ZEEL) has been served a Goods and Services Tax (GST) notice by tax authorities in Tamil Nadu, citing issues with its input tax credit (ITC) claims. The company has been asked to pay Rs 0.40 million, including penalties, for allegedly ineligible ITC, along with Rs 16.56 million in interest for what officials say was excess credit availed between July 2017 and March 2018.