Tax & Penalty11 Aug 2026, 06:43 pm
Harish Textile Engineers Resolves GST Matter for FY23
AI Summary
Harish Textile Engineers Ltd has resolved a Goods and Services Tax (GST) matter pertaining to the Financial Year 2022-23. The company has paid the ascertained tax, interest, and penalty related to alleged excess availment of Input Tax Credit, amounting to ₹1,93,340/-. The GST Authority has acknowledged the payment via Form GST DRC-04, settling the issue. This resolution is not expected to have a material impact on the company's operations.
Key Highlights
- GST matter for FY23 resolved, involving ₹1,93,340/- in tax, interest, and penalty.
- Company made requisite payment, acknowledged by GST Authority via Form GST DRC-04.
- Issue related to alleged excess availment of Input Tax Credit.
- Resolution has no material impact on company operations.
Price Impact
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