Tax & Penalty22 Sept 2026, 10:40 pm
Sasken Technologies Loses GST Appeal, ₹10.9 Cr Demand Confirmed
AI Summary
Sasken Technologies Ltd has received an unfavorable order from the Joint Commissioner Appeals, GST Department, Bengaluru. The appeal filed by the company for FY 2021-22 has been dismissed, confirming a demand of ₹5,86,88,358/- in tax, ₹4,44,26,283/- in interest, and ₹58,68,836/- in penalty, totaling ₹10,89,83,477/-. The issue pertains to GST payable under reverse charge on sales by overseas branches. Despite the significant financial demand, the company states there is no material impact on its financial, operational, or other activities.
Key Highlights
- GST appeal dismissed by Joint Commissioner Appeals, Bengaluru.
- Confirmed demand includes ₹5.87 Cr tax, ₹4.44 Cr interest, ₹0.59 Cr penalty.
- Total confirmed demand amounts to ₹10.89 Cr.
- Issue relates to GST on sales by overseas branches under reverse charge.
- Company claims no material financial or operational impact.
Price Impact
More from SASKEN