Legal22 Dec 2025, 12:05 pm
Storage Technologies and Automation Ltd Receives GST Penalty Order of ₹20,000 for FY 2021-22
AI Summary
Storage Technologies and Automation Ltd has received an order from the GST Department, Karnataka, pertaining to FY 2021-22, involving a penalty of ₹20,000. The penalty has been imposed in accordance with Section 73(9) of the Karnataka Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017. The company has adhered to the requirements laid down in Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and will keep the exchange duly informed of any information as required under the said regulations.
Key Highlights
- Order involves penalty of ₹20,000 under section 73 of KGST ACT
- Penalty imposed in accordance with Section 73(9) Karnataka Goods and Services Tax Act, 2017 and Central Goods and Services Tax Act, 2017
- Company adheres to SEBI regulations and will keep the exchange duly informed
- Penalty is not material and does not foresee any impact on the financial operation or other activities of the Company
Price Impact
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