Tax & Penalty18 Jun 2026, 03:30 pm
Southern Magnesium Receives INR 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 believes it has a strong case on the merits and does not anticipate any financial impact.
Key Highlights
- Received GST demand notice of INR 30,32,204.
- Notice pertains to alleged short payment of output tax.
- Company expects no financial impact from the demand.
- Demand covers period April 2025 to February 2026.
Price Impact
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