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Shashijit Infraprojects has received a tax order from CGST & Central Excise authorities demanding reversal of Input Tax Credit (ITC) amounting to ₹0.129 Crore and imposing a penalty of ₹0.129 Crore, plus interest. This stems from allegations of availing ITC from suppliers whose GST registrations were retroactively cancelled. The company plans to appeal this order. Management believes this matter will not have a material adverse impact on its financial, operations, or business activities, reassuring shareholders about its limited operational risk from this development.