Inspirisys Solutions Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
INSPIRISYS · price
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Inspirisys Solutions Limited has received a Show Cause Notice dated 30th September 2025 from the Joint Commissioner of CGST and Central Excise, Chennai – North Commissionerate. The notice seeks clarification on excess Input Tax Credit (ITC) allegedly availed by the company for FY 2021-22, amounting to Rs. 502.51 lakhs. The matter is at a preliminary stage and has not yet been filed before any court or tribunal. The company has stated that it expects no financial implications from this notice at this stage. The company will need to respond to the notice with their clarification on the ITC claims.
This is an early-stage tax dispute and not yet a confirmed liability, so immediate impact on shareholders may be limited. However, if the tax authority's claim is upheld, the company could face a potential demand of around Rs. 5 crore plus interest and penalties, which investors should monitor closely.