Sasken Tech loses GST appeal, faces Rs 14.4 cr total demand for FY21
SASKEN · price
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Joint Commissioner GST Appeals Bengaluru dismissed Sasken's appeal for FY 2020-21. Demand confirmed: tax Rs 6.74 cr, interest Rs 7.02 cr recalculated till order date, penalty Rs 67.6 lakh. Total demand about Rs 14.44 cr. Dispute relates to reverse charge GST on payments to overseas branches and GSTR-2B versus GSTR-3B mismatch. Company states no material impact on finances or operations and will appeal further before GSTAT.
Unfavourable first appeal order, but company plans next round at GSTAT. Management says no material financial or operational impact.