Dc Infotech And Communication Limited has informed the Exchange about receipt of order from Additional Commissioner CGST, Mumbai East Commissionerate
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DC Infotech has received an order from the Additional Commissioner of CGST & Central Excise, Mumbai East Commissionerate, dated March 28, 2026. The order raises a tax demand of ₹3.16 crore and an equal penalty of ₹3.16 crore, along with applicable interest, under Section 74 of the CGST Act for FY 2019-20 through FY 2023-24. The allegation is a mismatch between tax credit claimed in GSTR-3B returns and the credit available in GSTR-2A. The company has stated that the order is incorrect and has not considered its submissions. The company plans to file an appeal with the appropriate authority and believes the demand is likely to be dropped after the appeal process.
Total potential liability of around ₹6.32 crore plus interest is meaningful for a small-cap company. However, the company claims no material impact and is contesting the order, so the actual hit depends on the appeal outcome. Short-term stock sentiment may turn negative on the news.