Southern Magnesium & Chemicals513498Tax or GST
GST proceedings conclude with zero demand, company says no financial impact
GST proceedings against the company have ended with zero demand.
By ScoutQuest · · 1 min read
- Order Date
- Order dated 21.10.2026 passed by the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division
- Final Demand
- Order issued in FORM GST DRC-07 with zero demand, covering all alleged contraventions
- Prior Notices
- DRC-01A dated 05-06-2026 and a Show Cause Notice dated 27-06-2026
What the company informed the exchange
- Southern Magnesium & Chemicals Ltd has disclosed an order dated 21.10.2026 passed by the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division.
- The order relates to GST proceedings that were initiated by a DRC-01A dated 05-06-2026 and a Show Cause Notice dated 27-06-2026.
- The order is issued in FORM GST DRC-07 with zero demand, and states that the proceedings stand concluded with respect to all the alleged contraventions raised in those notices.
- The company states that there is no financial impact on it.
How to read the terms used
- A Show Cause Notice asks a company to explain why tax, interest or penalty should not be levied on a stated issue.
- FORM GST DRC-07 is the formal order that closes such proceedings and records the final amount payable.
- In this case the final amount recorded is zero demand, which is why the company says the outcome carries no financial impact for it.
The sequence of events
- 05-06-2026: DRC-01A issued.
- 27-06-2026: Show Cause Notice issued.
- 21-10-2026: Order passed in FORM GST DRC-07 with zero demand.
- The update also refers back to the company's announcements dated 18.06.2026 and 19.06.2026.
What this means for a retail reader
- A tax notice creates uncertainty because the amount finally payable is not known until the order is passed. Here the order records a demand of zero.
- Because the demand is zero, there is no tax outgo, interest or penalty flowing from this order, based on what the company has stated.
- The company's own words are that the order has no financial impact on it, and that the proceedings are concluded.
Also from Southern Magnesium & Chemicals
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1 Oct 2026
More numbers
- GST demand in the final order (FORM GST DRC-07)zero demand
Source: BSE · 22 Oct 2026
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