Tax & Penalty6 Nov 2026, 04:06 pm
Fine Organic GST Search Concluded, ₹5 Cr Tax Paid
AI Summary
Fine Organic Industries Ltd announced the conclusion of search proceedings initiated by the Maharashtra Goods and Services Tax Department. The proceedings, which commenced on October 30, 2026, concluded on November 5, 2026. The company fully cooperated with the authorities and provided all requested information. The Department determined a tax and interest liability of ₹5,00,47,594/-, which has been paid by the company. The financial impact is limited to this amount, with no material impact on business operations.
Key Highlights
- GST search proceedings at Fine Organic concluded on November 5, 2026.
- Tax and interest liability of ₹5,00,47,594/- determined and paid.
- No material impact on company's business operations.
- Company fully cooperated with Maharashtra GST Department.
Price Impact
More from FINEORG