Capacite Infraprojects Receives Order Upholding GST Proceedings from Maharashtra Authority

Capacite Infraprojects Ltd. has received an order from the Deputy Commissioner of State Tax, the Appellate Authority, upholding the demands of the same amount as per the GST proceedings arising from an order issued by the Assistant Commissioner of State Tax – Maharashtra dated July 30, 2021. The amounts involved are already disclosed as contingent liabilities with no other immediate financial impact. The company is preparing to file an appeal before the Higher Appellate Forums against the order within the prescribed timelines. Capacite Infraprojects believes it has adequate factual and legal grounds to substantiate its position in the matter, with no impact on financial operations or other activities.