
Tax & Penalty4 Nov 2026, 05:11 pm
Sahajanand Medical receives GST demand recovery notice for ₹34.3 Lakhs
AI Summary
Sahajanand Medical Technologies Ltd has received a GST demand recovery notice (Form GST DRC-01D) dated November 3, 2026, from the Office of the Joint Commissioner of State Tax, Ranchi, Jharkhand. The notice pertains to the recovery of demands totaling ₹34,29,789 (including interest and penalty) for the financial years 2018-19 to 2020-21, related to the eligibility of Input Tax Credit (ITC) under the cross-charge mechanism. The company has litigated this matter and states that the notice does not have any material financial impact at this stage. Sahajanand Medical is cooperating with the authorities and will provide necessary information.
Key Highlights
- Received GST demand recovery notice for ₹34.3 Lakhs.
- Notice relates to FY 2018-19 to 2020-21 ITC eligibility.
- Company is litigating the matter and expects no material impact.
- Cooperating with authorities and providing necessary information.
Price Impact
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