Standard Engineering Technology Ltd Receives Tax Demand Notice from Telangana Government
Standard Engineering Technology Ltd (Formerly known as Standard Glass Lining Technology Limited) has received an Order dated March 30, 2026, passed by the Office of the Assistant Commissioner (State Taxes), Government of Telangana, under Section 74 of the Central Goods and Services Tax Act, 2017 read with the Telangana Goods and Services Tax Act, 2017. The demand notice is for the financial year 2019-20 and relates to a difference in taxable value in comparison with E waybills. The expected financial implication on the listed company is nil as per the company's statement. The company is in the process of evaluating the order and will take appropriate steps including filing an appeal before the appropriate appellate authority within the prescribed timelines.
Key Highlights
- Standard Engineering Technology Ltd received a tax demand notice from the Office of the Assistant Commissioner (State Taxes), Government of Telangana.
- The demand notice is for the financial year 2019-20 and relates to a difference in taxable value in comparison with E waybills.
- The expected financial implication on the listed company is nil as per the company's statement.
- The company is in the process of evaluating the order and will take appropriate steps including filing an appeal before the appropriate appellate authority within the prescribed timelines.
- The matter pertains to a historical period and does not affect the ongoing business operations. The company remains committed to high standards of corporate governance, compliance and transparent financial reporting.