India, Feb. 6 -- Nazara Technologies has received tax demand notice of INR 5.68 Cr from goods and services tax authorities in Maharashtra.

The authorities have asked for INR 2.84 Cr in taxes and interest on the unpaid tax, while also imposing an additional penalty of INR 2.84 Cr.

Nazara said in an exchange filing yesterday (February 5), "..the company has received an order dated January 31, 2025 on February 04, 2025, from the Additional Commissioner, CGST & C. Ex, Mumbai South Commissionerate confirming a tax demand of INR 2,83,96,324.and levying a penalty of INR 2,83,96,324/- under Section 122(2)(b) of the CGST Act, read with Section 20 of the IGST Act."

The filing further read that the order had been passed due to the non-receipt of ...