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Butterfly Gandhimathi Appliances Limited has received a GST demand notice from the Telangana GST authority totaling INR 1.31 cr, which includes a tax demand of INR 0.69 cr, interest of INR 0.52 cr, and a penalty of INR 0.01 cr. This demand arises from claims related to Input Tax Credit (ITC) on invoices from vendors who have not filed their GSTR3B. The company asserts that this notice will not materially impact its financials or operations.
Investors might view this situation as a potential risk, but the company's statement suggests that it plans to address the issue without significant repercussions on its financial health.
All announcements from Butterfly Gandhimathi Appliances Limited