Kokuyo Camlin Limited submitted the disclosure regarding the order received for demand of Goods & Service Tax along with interest and penalty from the Office of Assistant Commissioner of State Tax, Jurisdiction: Patna Special: Central: Bihar, State/UT: Bihar. 22nd April, 2024. The concerned Company official from Tax department was on leave.

The said order came to the knowledge of the Company on 3rd May, 2024 at the time of filing the GST return on GST portal. The Company has received the order for demand of tax under Section 73 read with Section 50 of the CGST Act, 2017, wherein GST credit was disallowed amounting to INR 1,353,621/- along with Interest imposed under section 50 of CGST Act, 2017 amounting to INR 1,137,042/- and penalty imposed under Section 122(2)(a) of CGST Act, 2017 amounting to INR 149,745/-. There is no material impact on financials, operations or other activities of the Company due to the order of tax payable.

This Order is currently appealable and they will file an appeal.