Tax & Penalty22 May 2026, 08:11 pm
Sedemac: Receives GST Show Cause Notices for ₹2.35 Cr
AI Summary
Sedemac Mechatronics Ltd. has received GST Show Cause Notices from the Commercial Taxes Department of Tamil Nadu for FY 2022-23 and 2023-24, totaling ₹2.35 Cr. The notices, issued under Section 73 of the CGST/SGST Act, 2017, 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, expecting no material financial impact.
Key Highlights
- Sedemac received GST notices totaling ₹2.35 Cr for FY23 and FY24.
- The notices relate to short tax payments and excess input tax credits.
- Sedemac will file objections and seek a personal hearing.
- The company anticipates no significant financial impact from the notices.
Price Impact
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