Sasken Technologies Limited has informed the Exchange about Action(s) initiated or orders passed
SASKEN · price
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Sasken Technologies has received an appeal order from the Joint Commissioner Appeals (Commercial Taxes, Bengaluru) dismissing its appeal under the SGST/CGST Act for FY 2019-20. The order confirms a total demand of Rs. 17.86 crore, comprising Rs. 9.18 crore in tax, Rs. 10.27 crore in recalculated interest, and Rs. 91.78 lakh in penalty. The dispute relates to GST under reverse charge on payments made by the head office to overseas branches, with a minor partial relief on mess fees recovered from employees. The company received the order on January 8, 2026, and plans to appeal further before the GST Appellate Tribunal (GSTAT). Management states there is no material impact on financials or operations.
While the company lost the first round of appeal on a Rs. 17.86 crore GST demand, the amount is relatively small compared to Sasken's overall scale, and management has explicitly stated no material impact. Investors should watch for the next round of appeal at GSTAT, as an unfavorable outcome there could result in a cash outflow.