Laxmi Dental Limited has informed the Exchange about General Updates
LAXMIDENTL · price
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Awaiting price reaction for this filing.
Laxmi Dental Limited has received a notice from the Deputy Commissioner of State Tax, Mumbai South West, under the GST and IGST Acts, flagging discrepancies found during the audit period from April 1, 2021 to March 31, 2022. The notice alleges non-payment of GST on other income and improper discount claims under Section 15(3) of the GST law. The tax demand is Rs. 10,31,500 with additional interest of Rs. 8,16,203, totalling around Rs. 18.47 lakh, with a deadline of August 31, 2025 to respond. The company has stated that the demanded amount has already been paid. The company has confirmed there is no material impact on its financials, operations, or other activities.
This is a minor, historical tax matter that the company has already settled by paying the demanded amount. Shareholders are unlikely to see any meaningful effect on the stock price or business operations, as the company explicitly states there is no material financial or operational impact.