Please find enclosed herewith Intimation under Regulation 30 for Notice received from GST.
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Harish Textile Engineers Limited has received a GST notice in Form ASMT-10 dated 13 July 2026 from the Office of the Assistant Commissioner of State Tax, Nashik, under Section 61 of the CGST Act, 2017. The notice relates to scrutiny of the company's GSTR-3B returns for FY 2022-23, where the GST department flagged certain discrepancies in the Input Tax Credit (ITC) claimed by the company. The company has been asked to submit its explanation and supporting documents by 14 August 2026. At this stage, no tax demand, penalty, or adverse order has been passed — it is purely a clarification-seeking scrutiny notice. The company has stated it is examining the observations and will respond within the given timeline.
Currently no financial impact as the notice only seeks clarification on ITC claims for a past period. However, if the explanation is not satisfactory, the department could raise a demand, interest, or penalty later, which may affect future earnings. For now, the stock is unlikely to see a material negative reaction unless the matter escalates.