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Tax & Penalty19 Aug 2026, 03:17 pm

Navneet Education Receives GST Audit Report Identifying ₹13.77 Lakh Short Payment

AI Summary

Navneet Education Ltd has received a GST audit report (Form GST ADT-02) from the Office of the Assistant Commissioner, Central Tax (Audit), Patna. The report covers Financial Years 2020-21 to 2023-24 and identifies an aggregate short payment of tax amounting to ₹13,77,562. This includes IGST of ₹4,94,816, CGST of ₹4,41,373, and SGST of ₹4,41,373. Applicable interest and penalties are yet to be quantified. A late fee of ₹400 has also been indicated. The company is examining the observations and stated that it does not expect any material impact on its operations. The communication was received via email on August 18, 2026.

Key Highlights

  • Received GST audit report for FY21-FY24.
  • Identified ₹13.77 Lakh tax short payment.
  • Interest and penalties are to be quantified.
  • No material impact expected on operations.