Tax & Penalty17 Jul 2026, 05:10 pm
Indong Tea Company: GST Investigation Closed
AI Summary
Indong Tea Company Ltd has announced the closure of an investigation initiated by the Deputy Commissioner of State Tax, Bureau of Investigation (South Bengal) under the GST Act. The inspection, which began on November 21, 2025, focused on alleged violations related to the reporting of exempted goods and farm labor income. The company's authorized representative participated in personal hearings and submitted necessary documents. The authority has issued a closure report, reconciling issues related to exempted supplies and plantation development works. The company had previously informed stock exchanges about the inspection on November 22, 2025.
Key Highlights
- GST investigation initiated under Section 67(1) of WB GST Act has been closed.
- Allegations included misreporting of exempted goods and farm labor income.
- Company representative attended hearings and submitted required documentation.
- Issues regarding exempted supplies and plantation development works were reconciled.
- The closure report was received on July 17, 2026.
Price Impact
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