The company received a Rectification Order dated 29th May 2026, issued by the Assistant Commissioner (ST), Ponneri Assessment Circle.
The order was passed under Section 161 of the TNGST Act, 2017, for the assessment year 2018-19.
This rectification order is in relation to an earlier remanded order dated 3rd February 2026.
Pursuant to the rectification, the total demand has been revised to ₹94,29,93,514 (Rs. 94.30 crore). This amount comprises tax, interest, and penalty under both CGST and SGST.
Alleged Contraventions
The alleged contraventions pertain to discrepancies observed during a GST audit for the financial year 2018-19.
The specific issues cited are related to tax liability on advance received and on trade payables.
The authority, after considering a rectification application filed by the company, partly accepted certain submissions. It revised the demand downwards but confirmed the balance demand concerning advances received and trade payables under CGST and SGST.
Financial and Operational Impact
The company explicitly states that there is "no material financial impact on the Company at this stage."
Company's Intended Action
The company has stated it is "going to file an appeal against the said order."
