Tax & Penalty3 Jul 2026, 03:52 pm
Delta Manufacturing Receives GST Scrutiny Notice for FY24
AI Summary
Delta Manufacturing Ltd has received a Notice for Scrutiny of Returns (Form GST ASMT-10) from the Office of the Deputy Commissioner of State Tax, Nashik. The notice pertains to GSTR-3B returns for the Financial Year 2023-2024 and seeks clarification on discrepancies related to Reverse Charge Mechanism (RCM) supplies, with an approximate quantifiable impact of ₹1,77,170. The company is currently examining the notice and will submit its response within the prescribed timelines, guided by its tax consultants. This disclosure is made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
Key Highlights
- Received GST scrutiny notice for FY24 returns.
- Discrepancies identified in RCM supplies reporting.
- Potential financial impact estimated at ₹1,77,170.
- Company is preparing a response with tax consultant advice.
Price Impact
More from DELTAMAGNT