Key Quantitative Figures
- Aggregate short payment of tax: ₹13,77,562
- Breakdown: IGST ₹4,94,816, CGST ₹4,41,373, SGST ₹4,41,373
- Late fee: ₹400 (CGST ₹200 and SGST ₹200)
- Interest: To be quantified after deposit of tax
- Penalty: To be quantified after deposit of tax where applicable
Parties Involved
- Issuing Authority: Office of the Assistant Commissioner, Central Tax (Audit), Audit Circle, Patna
- Stock Exchanges: National Stock Exchange of India Ltd. and Bombay Stock Exchange Ltd.
Financial Impact
Quantifiable monetary impact: ₹13,77,562 (tax short payment) plus ₹400 (late fee). Interest and penalty amounts are not yet quantified. The company states it does not expect any material impact on its operations from this audit report.
Current Status
The Company is examining the observations contained in the Audit Report and will take appropriate steps in accordance with applicable law.
Additional Details
The audit was conducted through examination of the company's books of account, records and GST returns for the four-year period from FY 2020-21 to FY 2023-24.