Exato Technologies Receives GST Demand Order ₹41,046

Exato Technologies received a CGST/SGST demand order of ₹41,046 for FY 2019-20 from Mumbai East division.
The order also levies a penalty of ₹41,046 and applicable interest under Section 50(1) of the CGST Act.
The company does not expect material financial impact and is evaluating filing an appeal.