Quess Corp received a GST DRC-07 order under Section 74 of the CGST Act, 2017 imposing a penalty of Rs. 39.36 lakhs.
Alleged violations include short tax payment of Rs. 2.68 lakhs and excess ITC availment of Rs. 36.67 lakhs.
Company states no material financial impact and is in the process of filing an appeal with the Appellate Authority.