In terms of Regulation 30(2), Regulation30(13) and other applicable regulations, its Obligations and Disclosure Requirements) Regulations 2015, together read with with SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 ....
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▲ 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 has received a summons from the Central GST authority in Surat under Section 70 of the CGST Act, 2017. The summons was physically received on June 10, 2025 and requires the company to appear before the GST officer on June 02, 2025. The inquiry relates to transactions with M/s Decent Trading & Exim and the company has been asked to share sales, purchase, invoice, transportation and E-way bill details, and to consider reversing the Input Tax Credit (ITC) availed from that party along with applicable interest and penalty. The company has clarified that the summons is at a preliminary inquiry stage and does not currently allege any specific violation. Financial impact cannot be quantified at this point.
This is an early-stage tax inquiry and no penalty or violation has been confirmed yet, so the immediate impact on the stock is likely limited. However, if the company is asked to reverse ITC along with interest and penalty, it could create a future financial outflow, and investors should watch for further updates on the outcome of the inquiry.