Zee Entertainment Hit with ₹119.6 Crore GST Demand; Company to Contest Orders

• Zee Entertainment Enterprises Ltd (ZEEL) received adjudication orders from CGST and Central Excise, Palghar Commissionerate, for two GST matters.
• The orders uphold previous show cause notices from DGGI regarding alleged wrongful availment of GST input tax credit due to vendor lapses.
• The total disputed tax demand amounts to ₹119.6 crore, comprising ₹86.9 crore and ₹32.7 crore from two separate notices, excluding interest and penalties.
• ZEEL is contesting the demands based on merits and legal advice, intending to pursue appropriate legal remedies.
• The company clarified that the proceedings do not involve promoters or key managerial personnel and no settlement has been reached.

Why It Matters: Zee Entertainment faces a ₹119.6 crore GST demand, which it plans to legally contest.