Sequent Scientific Limited — Others, 18-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
18-07-2025 | 07:52 pm
18-07-2025 | 07:52 pm
SeQuent Scientific has received a Show Cause Notice from the Deputy Commissioner of State Tax concerning GST issues. This notice highlights discrepancies in GST returns and aims to disallow Input Tax Credit for FY 2021-22, proposing a penalty of approximately Rs 0.25 Cr. The company firmly believes the notice has no merit and intends to submit a detailed response within the stipulated timeframe. Management currently does not foresee any material impact on its financial health or business operations. This update provides clarity on an ongoing tax matter for shareholders.
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