Material subsidiary Digisol gets GST show cause notice of about 3.36 crore
SMARTLINK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Smartlink Holdings informed exchanges that its material subsidiary Digisol Systems received a Show Cause Notice from the Maharashtra GST Department on October 5, 2026, related to FY 2022-23 GST returns. The authority flagged excess outward tax in GSTR-1 versus GSTR-9 and excess ITC claimed in GSTR-3B not matching GSTR-2B/2A. Total proposed GST demand is about 1.77 crore rupees, plus interest of about 1.41 crore and penalty of about 17.7 lakh. Digisol plans to file a detailed reply within the prescribed timeline. Company says no immediate impact.
Watch reply outcome; potential financial impact on subsidiary if liability is finally confirmed by the tax authority.