GST Department Closes FY 2022-23 Scrutiny; No Further Action or Liability

The GST scrutiny over FY 2022-23 return discrepancies is closed.

Thu 24 Sep 2026

GST Scrutiny Status

Closed - Form GST ASMT-12 issued

Fiscal Year

FY 2022-23

Notice Date

April 22, 2026

Outcome

No further action required, no liability

Response Form Shared

Form GST ASMT-11

What happened

The company has received an order from the GST Department in Form GST ASMT-12 concluding a scrutiny matter.

Background

• On April 22, 2026, the company had informed the exchanges about a notice from the GST Department regarding certain discrepancies observed in its GST returns for FY 2022-23.
• The company submitted its response and clarifications in Form GST ASMT-11.

Outcome

• The department found the reply and clarifications satisfactory.
• It has communicated that no further action is required in the matter.
• The proceedings stand concluded and closed.
• The company states there is no further liability arising from these proceedings.

Other points disclosed

• Litigation involving key management personnel, promoter or ultimate person in control: stated as not applicable.
• Settlement terms, compensation or penalty: stated as not applicable, since the matter was not settled but closed on the basis of the company's satisfactory reply.

Why it matters

A pending tax scrutiny is an open-ended item for investors because it can lead to demands, interest or penalties. Here the department has closed the file without any demand, removing that uncertainty for the FY 2022-23 GST returns. The disclosure was made under Regulation 30 of the SEBI Listing Regulations.

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