HCL Infosystems gets GST demand order of Rs 4.38 crores for FY 2021-22
HCL-INSYS · price
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HCL Infosystems received an Order-in-Original from the Joint Commissioner, Central GST, Noida dated 18 Dec 2025 for FY 2021-22. A total demand of Rs 4.38 crores has been raised, comprising Rs 2.27 cr tax, Rs 1.89 cr interest and Rs 0.22 cr penalty, over an alleged mismatch between turnover reported in Form GSTR-3B and Form GSTR-7. The Company says the demand is not sustainable, arising from statutory timing differences and not from any evasion. It is evaluating remedies and does not expect any material adverse impact on its financial position or operations.
Tax demand of Rs 4.38 cr; Company will challenge legally and expects no material financial impact.