Sasken Technologies Loses GST Appeal, Faces ₹14.44 Cr Demand

Sasken Technologies Ltd has received an order from the Joint Commissioner Appeals, GST Department, Bengaluru, dismissing its appeal for FY 2020-21. The order confirms a demand of ₹6,74,55,558 in tax, ₹5,36,39,607 in interest, and ₹67,62,600 in penalty, totaling ₹12,78,57,765. The interest amount has been recalculated to ₹7,02,60,032, bringing the total demand with updated interest to ₹14,44,78,190. The alleged violations include GST payable under reverse charge on payments to overseas branches and GSTR-2B vs. GSTR-3B mismatch. The company states there is no material impact on its financials or operations and plans to appeal the order before the GSTAT.