Event: Receipt of a Show Cause Notice (SCN) from the Commercial Tax Officer, Nungabakkam, Central-III, Chennai Central, Tamil Nadu.
Notice Format: DRC-01
Notice Date: May 23, 2026
Date of Receipt: May 25, 2026
Subject Matter: The notice pertains to various discrepancies identified in the filed return statement for the Financial Year 2022-23.
Financial Implications and Quantum of Claims
Stated Demand: As per the calculations mentioned in the SCN, an apparent demand of approximately INR 7.10 Crores is cited. This amount includes interest and penalty.
Company's Assessment: The company has undertaken a review and identified an apparent discrepancy, including a material calculation error in the demand amount specified in the notice.
Current Stance on Impact: The company explicitly states that it "does not envisage any relevant impact on the financials, operations or other activities of the Company" based on its current assessment.
Current Status and Actions Taken
The company is examining the contents of the notice.
The company, through its consultant, is in the process of seeking clarification from the concerned GST authority regarding the identified errors and to ascertain the correct demand amount. This clarification is still pending as of the disclosure date.
The company intends to submit an appropriate reply within the prescribed time period.
