Sudarshan Chemical Industries Limited has informed the Exchange about General Updates Receipt of GST Order
SUDARSCHEM · price
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Sudarshan Chemical Industries received GST demand orders (Form DRC-07) from the Office of Superintendent of GST and CE, Chennai, dated 31st March 2026. The orders cover five financial years from FY 2019-20 to FY 2023-24 with a total aggregate demand of Rs. 12,56,078. The demand for each year includes tax, interest, and penalty components. After tax audits for these periods, the GST authorities issued these orders. The company states it believes it has a good case on all points and is in the process of filing appeals before the appropriate authority.
The company claims no impact on financial, operations, or other activities since the orders are appealable and appeals will be filed. The total demand of approximately Rs. 12.56 lakh is relatively small for a listed company, but the outcome of appeals could affect financials if unfavorable rulings are upheld.