Announced Tue, 14 Jul · 17:11 IST
GST order confirms Rs 2.22 crore tax demand against Panache Digilife
Regulatory & Legal View source PDF
PANACHE · price
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Price reaction · full curve 14 horizons · vs prior close
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₹452.00
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₹452.00
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AI summary
Panache Digilife received an order from the Joint Commissioner of State Tax, Kalyan, confirming a tax demand of Rs 2,22,40,982 (about Rs 2.22 crore) including interest and penalty, for alleged wrongful availment of ineligible Input Tax Credit under GST laws. The company plans to appeal before the GST Appellate Tribunal, believes the order is not legally tenable, and does not expect any material adverse impact on financials or operations.
Likely market impact
Tax demand of Rs 2.22 crore to be appealed. Company expects no material adverse impact. Watch appeal outcome.