Music Broadcast, which operates Radio City, has received a GST demand order of Rs 89.63 crore from the Office of the Deputy Commissioner, Lucknow, for the financial year 2021-22, the company said in an exchange filing on Monday.
The order has been issued under Section 73 of the IGST, CGST and SGST Acts and communicated through Form GST DRC-07.
Break-up of tax, interest and penalty
According to the disclosure, the demand includes Rs 48.21 crore in tax, Rs 36.59 crore in interest, and Rs 4.82 crore in penalties. The largest component relates to IGST, followed by CGST and SGST.
The order was received by the company on December 19, 2025, and brought to the attention of the compliance officer on December 22, after the offices reopened following the weekend.
Company plans to appeal
Radio City said it intends to challenge the order through an appeal and does not expect any material impact on its financials or operations at this stage.
“Based on a preliminary assessment and the legal advice received, the company believes that it has reasonable grounds and merits in the matter and has a reasonable chance of success in the proposed appeal,” it said.
Music Broadcast added that it remains committed to compliance with listing regulations.
