Receives GST Department order after earlier DRI&E search; tax, interest and penalty paid for 2023-24 to 2025-26

Company has received an Order from the GST Department, in continuation of its earlier intimation about a DRI&E, West Bengal search.

Fri 9 Oct 2026

Taxable value difference 2023-24

₹ 1,99,64,015.00

Taxable value difference 2024-25

₹ 23,54,335.00

Taxable value difference 2025-26

₹ 24,97,628.00

Order received, linked to an earlier search

• The company has received an Order from the GST Department.
• This follows its earlier intimation to BSE on 17 September 2026 about a search conducted by the Sr. Joint Commissioner, Directorate of Revenue Intelligence and Enforcement, West Bengal.
• A copy of the Order is enclosed with the intimation.

What the enclosed order covers

It is a final report in respect of the company for 2023-24, 2024-25 and 2025-26. It records that an on-spot enquiry was conducted at Bangur Arcade, Kolkata-07 on 16.09.2026 and that a report was drawn containing observations. The company is engaged in manufacturing and trading of sarees, taxable at 5%.

The order notes a mismatch in stock on 15.09.2026 between stock computed on the basis of the final accounts and stock as per regular books of account. It also states that stock lying with job-workers was earlier shown treating quantity in metres as value of goods, and that on examination the actual value of goods lying with the job worker is about Rs 18,84,23,125.00.

Differences in taxable value found

• 2023-24: difference of ₹ 1,99,64,015.00 between taxable value of outward supply as per audited final accounts and as per GST return
• 2024-25: difference of ₹ 23,54,335.00
• 2025-26: difference of ₹ 24,97,628.00

The order also records that credit notes were issued due to sales return, rate difference and trade discount, within the scope of section 34 of the WBGST Act 2017.

Tax, interest and penalty paid

The order states that the company has paid the entire amount of tax with interest and penalty under section 74 for 2023-24 and under section 74A(9) for 2024-25 and 2025-26.

• 2023-24: CGST tax 4,99,101.00, CGST interest 75,578.00 and CGST penalty ₹ 74,866.00, with the same amounts shown for SGST
• Payment entries in the same format are shown for 2024-25 and 2025-26 as well

Points to note

• The intimation is about the receipt of an order, following the search the company had disclosed earlier.
• The order quantifies the differences between taxable values taken in the audited accounts and those in the GST returns, and records that the related tax, interest and penalty have been paid.
• The order covers three financial years: 2023-24, 2024-25 and 2025-26.

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