Kokuyo Camlin receives GST demand order for ₹7.8 Lakhs

Kokuyo Camlin Ltd has received an order from the Assistant Commissioner of GST, Chennai, for a demand of Goods & Services Tax (GST) amounting to ₹4,97,601, along with interest of ₹2,31,160 and a penalty of ₹51,458. The total demand is ₹7,80,219. The company states there is no material impact on its financials or operations. Kokuyo Camlin intends to file an appeal as they believe an opportunity for a proper hearing was not provided. The disclosure was made at a later stage due to internal communication delays.