Date: 11th June, 2026
Legal / Strategic Updates
This disclosure provides an update on a previously communicated GST scrutiny matter. The company had received a Notice for Scrutiny of Returns in Form GST ASMT-10 from the Office of the Deputy Commissioner of State Tax, Ambad, Nashik, Maharashtra, under Section 61 of the CGST/SGST Act, 2017. The notice pertained to the scrutiny of GSTR-3B returns for the Financial Year 2023-2024 (April 2023 to March 2024).
The company has now informed that it duly replied to the notice. Subsequently, the Office of the Deputy Commissioner of State Tax, Ambad, issued an order dated 10th June, 2026, which dropped the proceedings under section 61 of the CGST/SGST Act, 2017 against the company.
Financial Impact & Resolution Details:
The provisional discrepancies identified during the scrutiny amounted to approximately ₹2,39,363.43. The matter was resolved as follows:
- Discrepancy 1 (ITC Availment): An alleged excess availment of Input Tax Credit (ITC) amounting to ₹1,43,455.20 was observed in Form GSTR-3B, which was not reflected/confirmed in Form GSTR-2A for FY 2023-24. The company accepted this discrepancy and discharged the related tax liability of ₹1,43,456 and interest of ₹67,986.
- Discrepancy 2 (Unreconciled Tax): A discrepancy of ₹95,908.23 relating to unreconciled tax reported in Table 9S and unreconciled ITC reported in Table 12F of Form GSTR-9C was identified. Based on the reconciliation and explanations furnished by the company, this demand was subsequently withdrawn by the authorities.
The company has concluded that there is no material impact on its financial, operational, or other activities following the resolution of this issue.