1. Additional details pursuant to Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13,2023, were already attached with the covering letter as Annexure ll. Same attachment is ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ghushine Fintrrade Ocean Ltd received a summons under Section 70 of the CGST Act, 2017 from the Superintendent/Appraiser/Senior Intelligence Officer of the Directorate CGST, Surat, on June 10, 2025. The inquiry relates to the alleged availment of Input Tax Credit (ITC) from a non-existent firm called M/s Decent Trading & Exim. The company was asked to appear on June 11, 2025 and provide purchase invoices, e-way bills, transporter details, account ledgers, and bank statements. The company initially intimated BSE on June 16, 2025 — beyond the 24-hour deadline — and later submitted additional SEBI-prescribed details after BSE sought clarification. The company attributed the delay to directors being occupied compiling large volumes of historical data demanded by the CGST authority.
The matter is still at a preliminary inquiry stage, with no specific violation alleged against the company and no quantifiable financial impact disclosed yet. Shareholders should monitor developments, as unfavorable findings could lead to tax liability and possible penalties, while the delayed disclosure raises minor corporate governance concerns.