Sasken Technologies Limited — Others, 13-02-2025: Action(s) taken or orders passed

Sasken Technologies Limited has received a demand order from the Deputy Commissioner of Commercial Taxes in Bengaluru, amounting to Rs. 13.59 crore, encompassing GST, interest, and penalties for FY2020-2021. The order cites alleged non-payment of tax on import turnover and disallowed input tax credits due to discrepancies in filing. While the company states there is no material impact on its financials or operations, it is currently evaluating its options for an appeal. This situation may introduce uncertainty, but the lack of immediate operational impact could lead to a neutral sentiment among investors.