Please find enclosed herewith intimation under regulation 30 of SEBI LODR for Notice received from Tax Department.
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Harish Textile Engineers Ltd has received a GST scrutiny notice (Form ASMT-10) from the Office of the Deputy Commissioner of State Tax, Nashik, dated 13 January 2026. The notice relates to its GSTR-3B returns for FY 2023-24 and flags provisional discrepancies of approximately Rs. 26.72 lakh. The company has been asked to submit its explanation by 13 February 2026, failing which further proceedings may follow. The company is currently examining the notice with the help of its tax consultants and plans to respond within the deadline. As of now, no quantifiable financial impact has been determined, and no order or penalty has been passed.
At this stage, the notice only seeks clarification and does not impose any penalty or demand. However, if the company cannot satisfactorily explain the Rs. 26.72 lakh discrepancy, it may face additional tax, interest, or penalties, which could marginally affect financials. The impact is likely limited given the small size of the discrepancy relative to typical operations.