Manappuram Finance Limited has received an Order under Section 73 of Jammu and Kashmir Goods and Services Tax Act, 2017/Central Goods and Services Tax Act, 2017 Read with Integrated Goods and Services Tax Act, 2017, wherein a Penalty of INR 20,000 has been imposed/demanded. Name of the authority: Office of the State Taxes Officer Circle-D, Jammu; Nature and Details of Action taken, initiated or order(s) passed: On April 19, 2024, the Company has received the Order under Section 73 of Jammu and Kashmir Goods and Services Tax Act, 2017/Central Goods and Services Tax Act, 2017 Read with Integrated Goods and Services Tax Act, 2017, wherein a Tax Demand of INR 7,200 along with an Interest of INR 6,588 and a Penalty of INR 20,000 has been imposed/demanded. Details of the violation(s)/contravention(s) committed or alleged to be committed: Mismatch between reverse charge liability declared and ITC credit claimed thereon.