Tax & Penalty25 May 2026, 07:41 pm
Sedemac: GST Notices from Tamil Nadu Commercial Taxes Dept
AI Summary
Sedemac Mechatronics Ltd received GST Show Cause Notices from the Commercial Taxes Department of Tamil Nadu for FY 2022-23 and 2023-24, totaling ₹2,34,96,553. The notices pertain to short payment of tax under RCM, reversal of output tax on credit notes, and excess input tax credit availed. Sedemac plans to file objections and avail a personal hearing and does not expect a material financial impact.
Key Highlights
- Sedemac received GST notices for FY23 and FY24 totaling ₹2,34,96,553 from Tamil Nadu tax authorities.
- The notices cite short payment of tax, reversal of output tax, and excess input tax credit.
- Sedemac will file objections and seek a hearing, anticipating no material financial impact.
- The company reported a one-day delay in disclosing the notices due to internal communication issues.
Price Impact
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