Shares of NTPC were trading 1% higher on 8 January despite the company receiving a Rs 41.8 crore service tax notice.

In its regulatory filing, the company said that it had received a notice for the collection of service tax, interest, and penalty from the Patna Commissioner, CGST, for the recorded period from April 2013 to March 2017.

The company further added that the order won’t have any material impact on the financials or operation of the company and has further assured that they will file an appeal before the tribunal of the applicable jurisdiction against the said orders within the prescribed timeline.

On 5 January, the company had received demand orders for interest, GST, and penalty worth Rs 100.80 crore from Uttar Pradesh, Bihar, Chhattisgarh, Delhi, Andhra Pradesh, Gujarat, Chhattisgarh, and Maharashtra governments.

At 2:55 pm, the shares of NTPC were trading 0.25% higher at Rs 315.75 on NSE.