Intimation of update on Demand Order issued by Ministry of Finance, Central GST Department, Rajasthan.
SINGERIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Singer India Ltd received updates on three GST demand orders originally issued by the Central GST Department, Jaipur, for FY 2018-19, totaling Rs. 8,51,385 in tax and penalty. The appeal on the first order (Rs. 6,25,446 related to disallowance of GST reversal on credit notes) was rejected, and the original demand was upheld. The appeal on the second order (Rs. 2,05,939 related to disallowance of Input Tax Credit) was accepted, and the demand was set aside, resolving that matter. The third order (Rs. 20,000 penalty for excess ITC claim) was settled under the GST Amnesty Scheme, with the application allowed. The company stated the appeal rejection has no material impact on financials or operations and is evaluating further action.
Two of the three GST matters were resolved in the company's favor, while one small demand of Rs. 6.25 lakh was upheld. The company explicitly states no material financial or operational impact, so this is largely a routine tax compliance update with minimal effect on shareholders.