Please find enclosed intimation for Order Received from the Office of State Tax Officer.
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Harish Textile Engineers has received a tax order under Section 73 of the CGST/SGST Act, 2017 (Form GST DRC-07) from the State Tax Officer in Vapi, Gujarat, for FY 2021-22. The order raises allegations of excess input tax credit claims, short payment of GST, and related non-compliances. Total demand of Rs. 2,91,818 has been determined, covering interest, penalty, and late fees. The company says there is no material financial or operational impact. It is reviewing the order with its tax and legal advisors and plans to comply and pay within prescribed timelines.
The demand amount of ~Rs. 2.92 lakh is very small relative to a listed company, so the financial impact is negligible. Shareholders should note that GST compliance issues have been flagged, but the company is not signaling any broader trouble.