Tax & Penalty4 Jun 2026, 07:01 pm
Sagility Ltd Receives ₹90.44 Lakh GST Order
AI Summary
Sagility Ltd has received an order from the Department of Commercial Taxes, Karnataka, for the period April 2022 to March 2023. The order, issued under Section 73(9) of the GST Acts, includes a total demand of ₹90,44,596, comprising ₹31,86,995 in tax, ₹55,21,302 in interest, and ₹3,36,299 in penalty. The company disputes the demand, citing GST on export of services and denial of input tax credit on certain credit notes. Sagility plans to file an appeal and believes the order will not materially impact its financials or operations.
Key Highlights
- Sagility Ltd received a GST order demanding ₹90.44 Lakhs.
- The demand includes tax, interest, and penalty for FY23.
- Company disputes the demand and plans to appeal.
- No material impact expected on financials or operations.
Price Impact
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