Announced Tue, 28 Jul · 12:35 IST
Nucleus Software gets GST order of about INR 47 lakh for FY19
Regulatory & Legal View source PDF
NUCLEUS · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Nucleus Software Exports received a GST Appellate Authority order for FY 2018-19 demanding INR 47,02,500, including interest of INR 22,27,500 and penalty of INR 2,25,000. The demand relates to credit notes not appearing in the GST portal. The company says the order is not maintainable and will file an appeal. It states there is no material impact on financials, operations, or other activities.
Likely market impact
Small one-time tax demand relative to company size; company is appealing, says no material financial impact.