- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Harish Textile Engineers has received a Show Cause Notice from the State Tax Officer concerning GST matters for the financial year 2021-2022. The notice cites alleged short payment of GST, excess input tax credit (ITC) claims, ineligible ITC utilization, and non-filing of GSTR-9. The total demand raised, encompassing alleged GST dues, interest, and penalties, amounts to Rs 0.22 crore. The company is currently evaluating the notice with its legal and tax advisors and will respond accordingly. Management notes that, at this initial stage, there is no material impact on the company's financial or operational standing.