Camlin Fine Sciences GST Demand Order ₹96.66L

Camlin Fine Sciences received a GST order demanding ₹96,65,820 in IGST tax and equal penalty from Palghar Commissionerate.
The demand relates to non-payment of Reverse Charge Mechanism (RCM) tax on foreign currency expenses reimbursed to foreign subsidiaries for FY2019-20 to FY2022-23.
The company states no material financial impact and is in the process of filing an appeal against the order.