DISAQ · price
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Awaiting price reaction for this filing.
DISA India has received an order from the Assistant Commissioner of Central Tax (North Division 4, Bengaluru) dated December 29, 2025, directing the company to pay GST of Rs. 1,21,43,183 (about Rs. 1.21 crore) and an equal amount as penalty, plus unquantified interest, under Section 65(6) of the GST Act. The order relates to the period April 2018 to March 2023 and stems from a show cause notice received in June 2025. The dispute is over input tax credit claims that did not reflect in GSTR-2A because the service receiver did not upload the invoices on the GST portal. The company has stated it already paid the underlying GST and is confident the rejection will not stand on appeal, expecting no material financial impact. DISA plans to appeal the order before the appellate authority/tribunal.
Maximum potential cash outflow is around Rs. 2.43 crore (tax plus penalty) plus interest, but the company believes the appeal will succeed since it has proof of actual GST payment. Shareholders should monitor the appeal outcome, but near-term financial impact is likely minimal based on management's view.