Legal30 Dec 2025, 05:21 pm
Rithwik Facility Management Faces $6M GST Penalty for 2021-22 Output Tax Discrepancies
AI Summary
Rithwik Facility Management Services Ltd. has received an order imposing a penalty of ₹ 4,62,82,054/- (approximately $6M) from the Assistant Commissioner, Guindy Assessment Circle. The penalty is due to output tax discrepancies for the financial year 2021-22. The company is examining the order and planning to contest it before the competent authorities. The order was received on December 27, 2025, and the disclosure was made on December 30, 2025, after the weekend holiday and a technical glitch on Monday.
Key Highlights
- Rithwik Facility Management Services Ltd. has been penalized ₹ 4,62,82,054/- ($6M) for output tax discrepancies in the financial year 2021-22.
- The penalty was imposed by the Assistant Commissioner, Guindy Assessment Circle.
- The company is exploring legal recourse to contest the order.
- The order was received on December 27, 2025, and the disclosure was made on December 30, 2025.
- The delay in disclosure was due to the weekend holiday and a technical glitch on Monday.
Price Impact
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