Tax & Penalty9 Oct 2026, 03:49 pm
Shree Balaji Textiles Receives GST Order, Pays Tax, Interest & Penalty
AI Summary
Shree Balaji (Mala) Textiles Ltd has received an order from the GST Department following an inquiry by the Directorate of Revenue Intelligence and Enforcement. The company was found to have discrepancies in stock and taxable value of outward supplies for FY2023-24, FY2024-25, and FY2025-26. The company has since paid the entire amount of tax, along with interest and penalty, totaling ₹4,99,101 (CGST & SGST) for FY2023-24, ₹58,859 (CGST & SGST) for FY2024-25, and ₹62,440.70 (CGST & SGST) for FY2025-26, plus penalties and interest as detailed in the filing.
Key Highlights
- GST Department issued an order after an inquiry by DRI&E.
- Discrepancies found in stock and taxable value of outward supplies.
- Company has paid all due tax, interest, and penalties.
- Payments cover tax periods 2023-24, 2024-25, and 2025-26.
Price Impact
More from MALA