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1Repair Windows errors before they cause bigger problems2Fix the driver behind crashes, sound loss and screen glitches3Clear out junk files and repair common Windows errorsMulti Commodity Exchange of India (MCX) has reported receiving a GST show-cause notice proposing a total of ₹103.31 crore for financial year 2022-23. The amount comprises proposed tax, interest and penalty; the available reporting does not establish that it has been finally adjudicated or paid.
What the notice proposes
CNBC TV18 reported that the notice is dated 29 September 2026 and was issued under section 73(1) of the Central Goods and Services Tax Act and the Maharashtra Goods and Services Tax Act, 2017, in Form GST DRC-01. The reported amounts, attributed to MCX’s disclosure, are:
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| Component | Proposed amount |
|---|---|
| Tax | ₹54.08 crore |
| Interest | ₹43.82 crore |
| Penalty | ₹5.41 crore |
| Total | ₹103.31 crore |
These are proposed amounts in a show-cause notice, not a confirmed final liability. CNBC TV18’s report describes the notice as concerning FY 2022-23. CNBC TV18’s report provides the detailed figures and procedural description.
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Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Clear out junk files and repair common Windows errorsFree Scan →What the GST Department alleges
As reported by CNBC TV18, the department alleges that tax was unpaid or short paid and/or input tax credit was wrongly availed or utilised during FY23. The available reporting does not provide the detailed factual basis of those allegations, and the merits have not been established here.
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MCX’s reported response
MCX reportedly said it was preparing its response and believed it had a strong factual case. The company also said it considered the matter to have no material impact on its financial position, operations or other activities. These are MCX’s stated positions as relayed in reporting, not an independent assessment of the dispute.
What is known about the procedural status
MCX’s investor-relations announcement index lists “Show Cause Notice received from GST Department” dated 30 September 2026. The sources available for this report do not establish a subsequent adjudication, payment, or other later procedural development. The linked notice’s full text and the detailed basis of the alleged tax shortfall or input tax credit issue are also not established in the material reviewed.
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