
Legal30 Dec 2025, 06:24 pm
Samrat Forgings Ltd Receives Order to Conclude Proceedings Under Section 73 of SGST/CGST Act, 2017
AI Summary
Samrat Forgings Ltd has received an order from the Office of the Assistant Commissioner of State Tax, Mohali, for concluding the proceedings under section 73 of the SGST/CGST Act, 2017. The order was issued in response to a Show Cause Notice received on September 30, 2025, alleging non-declaration of correct tax liability in its returns filed for Financial Year 2021-22. The Company has paid an amount of Rs. 17,960/- as tax and Rs. 57,100/- as interest against delayed payment of GST. The demand raised in the Show Cause Notice has been dropped, concluding the proceedings with no further demand.
Key Highlights
- Samrat Forgings Ltd receives order to conclude proceedings under section 73 of SGST/CGST Act, 2017
- Order issued in response to a Show Cause Notice received on September 30, 2025
- Company alleged non-declaration of correct tax liability in its returns filed for Financial Year 2021-22
- Company has paid an amount of Rs. 17,960/- as tax and Rs. 57,100/- as interest against delayed payment of GST
- Demand raised in the Show Cause Notice has been dropped, concluding the proceedings with no further demand
Price Impact
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