5403662026-09-225403662026-09-22ActionsTakenOrOrdersPassedDomain15403662026-09-22ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15403662026-09-22SignatoriesDomain1iso4217:INRxbrli:pureRADIOCITYMUSIC BROADCAST LIMITED540366NOTLISTEDINE919I01024NewAction(s) taken or orders passed (sub-para 20)false2026-09-2113:19:002026-09-22Imposition of fine or penaltyStatutory AuthorityOffice of the Deputy Commissioner, State Tax, Sector-2: Lucknow (A): Lucknow-I, Uttar Pradesh (State GST Authority).1Listed Entity (Self)MUSIC BROADCAST LIMITEDThe Company has received a Show Cause Notice ("SCN") in FORM GST DRC-01 under Section 73(1) of the Uttar Pradesh Goods and Services Tax Act, 2017 read with the Central Goods and Services Tax Act, 2017,Receipt of a Show Cause Notice ("SCN") in FORM GST DRC-01 under Section 73(1) of the Uttar Pradesh Goods and Services Tax Act, 2017 read with the Central Goods and Services Tax Act, 2017, alleging short payment of tax and irregular/excess availment of Input Tax Credit claim for FY 2022-23.2026-09-21The SCN raises a total demand of approximately ₹11,57,81,759 (Tax: ₹10,52,56,145; Penalty: ₹1,05,25,614), comprising, inter alia: (i) short payment of output tax of approximately ₹5,723.81 lakh on account of an alleged mismatch between liability reflected in GSTR-7/GSTR-8 and GSTR-3B, sought to be taxed at 18%; (ii) alleged ineligible ITC of ₹6,72,923/- (IGST) and ₹7,76,682/- each (CGST/SGST) claimed on inward supplies from certain vendors, alleged to be not in the course/furtherance of business and hence restricted under Section 17(5); and (iii) a shortfall of ₹639 each in CGST/SGST paid under reverse charge mechanism, together with applicable interest. Not ApplicableThis is presently a SCN calling for a response and does not constitute a final demand or order. The Company intends to contest the matter on merits and does not expect any material financial impact at this stage. Any impact on the financial, operational or other activities of the Company will be assessed and disclosed appropriately as the matter progresses.The SCN raises a total demand of approximately ₹11,57,81,759 (Tax: ₹10,52,56,145; Penalty: ₹1,05,25,614), comprising, inter alia: (i) short payment of output tax of approximately ₹5,723.81 lakh on account of an alleged mismatch between liability reflected in GSTR-7/GSTR-8 and GSTR-3B, sought to be taxed at 18%; (ii) alleged ineligible ITC of ₹6,72,923/- (IGST) and ₹7,76,682/- each (CGST/SGST) claimed on inward supplies from certain vendors, alleged to be not in the course/furtherance of business and hence restricted under Section 17(5); and (iii) a shortfall of ₹639 each in CGST/SGST paid under reverse charge mechanism, together with applicable interest. The Company does not agree with the above allegations and proposes to submit a detailed reply supported by relevant records and reconciliations within the prescribed timeline.115781759same as abovesame as aboveThe Company does not agree with the above allegations and proposes to submit a detailed reply supported by relevant records and reconciliations within the prescribed timeline.Not ApplicableMs. Arpita KapoorCompany Secretary2026-09-22arpitak@myradiocity.com