StockWatch
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Distributors
Tax & Penalty7 Oct 2026, 07:30 pm

Khemani Distributors faces GST Authority search/inquiry

AI Summary

Khemani Distributors & Marketing Ltd announced that GST Authorities conducted a search and inquiry at its premises on October 6, 2026. The action was initiated under Section 70 of the Central Goods and Services Tax Act, 2017. The company stated it extended full cooperation, providing all necessary information and assistance. As of now, no specific violation, contravention, or demand has been determined or communicated to the company, and the proceedings are currently in the nature of an inquiry/investigation. The company also confirmed that there is no material impact on its financial or operational activities at present, with no demand, penalty, or financial liability communicated.

Key Highlights

  • GST Authorities conducted a search and inquiry at Khemani Distributors' premises.
  • The action on October 6, 2026, is an inquiry under Section 70 of the CGST Act.
  • The company is fully cooperating and providing all requested information.
  • No specific violation, demand, or material financial impact has been determined yet.