Tax & Penalty16 Jul 2026, 04:40 pm
Innovators Facade Systems fined ₹1.67 Lakh by GST Dept.
AI Summary
Innovators Facade Systems Ltd has received a penalty order of ₹1,67,077 from the Goods and Service Tax Department, Karnataka. The penalty is related to a GST audit for the period FY 2018-19 to FY 2022-23. The company is currently evaluating the order and considering appropriate actions, including potential appeals. Management believes the penalty will not have a material impact on the company's financials, operations, or other activities.
Key Highlights
- Received penalty of ₹1,67,077 from GST Department, Karnataka.
- Penalty pertains to GST audit for FY 2018-19 to FY 2022-23.
- Company is evaluating the order and considering appeals.
- Management expects no material financial or operational impact.
Price Impact
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