GST search and seizure operation at registered office; company says operations unaffected
GST Department conducted a search and seizure operation at the registered office under Section 67 of the CGST Act, 2017, from Oct 29 to Oct 30, 2026.
By ScoutQuest · · 2 min read
- Search and Seizure Period
- from Oct 29 to Oct 30, 2026
- Search Mahasar Received
- Nov 2, 2026
- Operational Impact
- operations remained unaffected
Muthoot Finance has informed the stock exchanges about a GST action at its Registered Office, disclosed under Regulation 30 of the SEBI (LODR) Regulations, 2015.
What the update states
- A search and seizure operation was conducted by the GST Department at the Registered Office of the Company under the provisions of Section 67 of the CGST Act, 2017.
- The operation commenced on October 29, 2026, at around 11:00 IST and concluded on October 30, 2026, at around 21:30 IST.
- The company received a copy of the Search Mahasar on November 2, 2026, at around 11:00 IST.
What the company said
- It fully cooperated with the officials throughout the proceedings and provided all necessary clarifications and details as requested.
- It will continue to extend support and furnish any further information required.
Effect on the business
- The company stated that its business operations remained unaffected and continued as usual during the process.
What this means in simple terms
- Section 67 of the CGST Act, 2017 is the provision under which GST authorities carry out search and seizure proceedings. The update records that such an operation took place at the registered office and that a Search Mahasar (the record of the search) was handed over to the company.
- The company's own statement is that day-to-day operations carried on normally and that it cooperated with the officials.
What a reader can take away
- The disclosure is an intimation of a regulatory action at the company's premises, along with the company's account of how it responded and its statement that operations were unaffected.
- The update is a factual update on the sequence of events. It sets out the dates and timings of the operation and the receipt of the Search Mahasar.
What to watch
- Any further communication from the company on this matter as things develop.
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