Sasken Technologies Limited has received an order under Section 73 of the KGST / CGST Act, 2017 intimating the Company of demand of ₹ 13,59,18,997 for FY2020-2021, according to the company’s exchange filing.
Deputy Commissioner of Commercial Taxes, Bengaluru has imposed the demand on the ground of an alleged no payment of tax on import turnover; and disallowance of Input Tax Credit due to a mismatch of GSTR2A and GSTR3B.
The Company is likely to challenge the order before the appropriate authority.”These Orders are currently appealable, and we will make an assessment to exercise our right to appeal,” said Sasken Technologies in their regulatory filing.
The disclosure before the exchange was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.
