Tax & Penalty19 Jun 2026, 12:13 pm
Southern Magnesium Receives ₹30.32 Lakh GST Demand Notice
AI Summary
Southern Magnesium & Chemicals Ltd has received a Goods and Services Tax (GST) demand notice amounting to INR 30,32,204/- for the period April 2025 to February 2026. The notice was issued by the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division. The company attributes the delay in intimation to an inadvertent oversight by an accounts officer. Southern Magnesium & Chemicals believes it has a strong case on merits and does not anticipate any financial impact.
Key Highlights
- Received GST demand notice of ₹30,32,204 for April 2025-February 2026.
- Notice issued by Deputy Assistant Commissioner (ST), Rajamahendravaram.
- Company attributes delay to an accounts officer's oversight.
- Believes no significant financial impact is expected.
- Company maintains compliance with regulatory requirements.
Price Impact
More from SOUTHMG