Kanchi Karpooram Ltd Receives GST Demand and Penalty Order from Chennai Authority

Kanchi Karpooram Ltd has received an order from the Office of the Assistant Commissioner of GST & Central Excise, Maraimalai Nagar Division, Chennai, confirming the demand for GST, interest, and penalty. The demand is for Rs. 47,43,080 and a penalty of Rs. 42,98,814. The company is evaluating legal advice and will pursue an appeal or other legal options. The GST demand and penalty may not have an immediate financial impact, and the company will make appropriate disclosures in its financial statements if required.