Compucom Software Receives GST Demand Order of ₹17.43 Lakhs
Compucom Software Limited received a GST demand order for ₹17.43 lakhs for FY 2021-22, including interest and penalty. The company believes the demand for tax liability is not sustainable and will appeal, while intending to deposit the TDS-related demand. No material financial impact is expected.
The company has explicitly stated that the order does not have a material financial impact, and they plan to appeal the primary demand, suggesting limited financial consequences.
The company has received a demand order, which is a negative development. However, they believe the demand is not sustainable and plan to appeal, and they also state that there is no material financial impact, which mitigates the negativity.
Compucom Software Limited has received a Demand Order from the Joint Commissioner of Circle-H, Jaipur II, Rajasthan, under Section 73 of the GST Act for the financial year 2021-22. The order raises a demand of ₹17,43,198, including applicable interest and penalty.
The demand is based on discrepancies such as less tax liability discharged in GSTR-3B/9C compared to GSTR-1 (₹15,82,658) and less turnover shown in GSTR-3B compared to GSTR-7 (TDS) (₹1,60,540).
The company stated that it intends to deposit the demand related to the TDS discrepancies. For the tax liability issue, Compucom Software Limited believes the demand is not sustainable and plans to file an appeal with the appropriate Appellate Authority. The company has indicated that this order does not have a material financial impact on its operations.
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Compucom Software Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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