Navkar Corporation Limited has informed the Exchange about Action(s) taken or orders passed
NAVKARCORP · price
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Navkar Corporation Limited received an order from the Deputy Commissioner of State Tax, Sanpada (Raigad, Maharashtra) dated May 13, 2025, passed under Section 61 of the Goods & Service Tax Act, 2017 relating to scrutiny proceedings for FY 2022-23. The order raised a tax demand of Rs. 3,707 towards short reversal of Input Tax Credit (ITC) and interest of Rs. 23,401 towards late reversal of ITC, totalling Rs. 27,108. The company has stated that it has already paid the entire demanded amount during the scrutiny proceedings itself, so no further financial impact is expected.
This is a routine, very minor GST compliance matter with a negligible monetary impact of just Rs. 27,108, which has already been paid. It is unlikely to have any material effect on the company's operations, financials, or stock price.