The company received a demand notice from the Commercial Taxes Officer, Chamarajanagar, relating to GST compliance for FY 2025-2026.
A penalty of Rs.1,47,008 was levied, likely due to defective documents or non-compliance.
The penalty is linked to some defective documents identified during GST compliance checks.
This pertains to the fiscal year 2025-2026.
The company has paid the penalty and plans to file an appeal, indicating a potential disagreement with the penalty.
This may be viewed as a routine tax issue with no material financial effect.
The company reports no significant financial or operational impact from this penalty.
Such regulatory disclosures keep investors informed about compliance matters. Payment and appeal are standard procedures in such cases.