Nucleus Software Faces ₹47 Lakh GST Demand, Plans Appeal

Nucleus Software Exports Ltd has received an order from the GST Appellate Authority for FY 2018-19, raising a demand of ₹47,02,500. This includes ₹22,27,500 in interest and ₹2,25,000 in penalty, attributed to tax reversals for credit notes not appearing on the GST portal. The company believes the order is not maintainable and is preparing to file an appeal. Nucleus Software states that this order has no material impact on its financials, operations, or other activities.