Xelpmoc Design And Tech Limited has informed the Exchange about Action(s) initiated or orders passed
XELPMOC · price
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Xelpmoc Design and Tech Limited has received a Show Cause Notice from the Karnataka GST authorities (Assistant Commissioner of Commercial Taxes, Bengaluru) dated September 28, 2025. The notice, issued under Section 73 of the CGST/KGST Act, 2017, pertains to alleged non-payment of GST on Export and Reverse Charge Mechanism (RCM) transactions for FY 2021-22 following a GST audit. The total demand proposed is Rs. 65.30 lakhs, which includes tax, interest, and penalty. The Company has stated it is currently evaluating the matter and will submit its reply within the prescribed time period. No final order or adjudication has been passed yet — this is at the notice stage only.
The financial impact is relatively modest (Rs. 65.30 lakhs) and the matter is at a preliminary notice stage, not a confirmed liability. Tax show cause notices are routine and the company has the right to respond and contest. Short-term sentiment may be mildly negative, but the disclosure is largely procedural transparency rather than a material adverse event.