Indo Thai Securities Limited announced that the company has received an order dated 28th March,2024 issued by CGST and Central Excise Division, Indore. Name of the Authority Initiating the action/passing the Order: CGST and Central Excise, Division V, Indore. Details of the violation: The Company has received the Order under Section 73 of Chapter V of Finance Act,1994 from office of The Assistant Commissioner of CGST & Central Excise Division V, Indore on account of Recovery of service tax not levied or paid or short-levied or short- paid or erroneously refunded for the period 2000-2001,2001-2002, 2002-2003 and 2003-2004, Section 75 of Chapter V of Finance Act,1994, amounting to INR 287,584 and interest & penalty of INR 4,345,851 thereon in above connection.