Legal28 Mar 2026, 12:31 pm
Orchasp Ltd Faces GST Audit Penalty of INR 12,58,59,446 for Non-Payment of GST on Import of Services
AI Summary
Orchasp Ltd, with CIN L72200TG1994PLCO17485, has received a spot memo from the Office of the Commissioner of Goods and Services tax (Central tax), Hyderabad, pertaining to a GST audit for the period 2020-21 to 2023-24. The company is alleged to have committed a violation under Section 20 of the IGST Act'2017 and Section 74 of CGST/SGST Act' 2017, by not paying GST on import of services under reverse charge. The penalty, interest, and penalty amount to INR 12,58,59,446. The company is currently evaluating the consequences of this spot memo.
Key Highlights
- Orchasp Ltd faces a penalty of INR 12,58,59,446 for non-payment of GST on import of services under reverse charge.
- The penalty is issued by the Office of the Commissioner of Goods and Services tax (Central tax), Hyderabad.
- The audit period is from 2020-21 to 2023-24.
- The company is currently evaluating the consequences of the spot memo.
- The violation is under Section 20 of the IGST Act'2017 and Section 74 of CGST/SGST Act' 2017.