Glottis Limited Receives Order from Commercial Tax Officer, Chennai
Glottis Limited received an order from the Commercial Tax Officer, Chennai regarding short remittance of RCM. The company has paid ₹1.18 crore and the matter is concluded with no material impact on operations.
The financial impact is quantifiable at ₹1.18 crore, which has already been paid. The announcement states there is no material impact on the operations or other activities of the company.
The announcement discusses a concluded order regarding short payment of GST and interest. While it involves a financial impact, the issue has been resolved and there's no ongoing concern.
* Glottis Limited received an order from the Office of the Commercial Tax Officer, Chennai regarding non-remittance/short remittance of Reverse Charge Mechanism (RCM) on import of services for FY 2019-20, 2021-22, and 2022-23. * An inspection was conducted on 9 July 2025, and documents were seized. * The company remitted the balance RCM amounts for FY 2019-20 and FY 2022-23 on 26 September 2025, after adjusting excess payments. * All amounts are fully paid, and the matter has been concluded. * The company received the physical copy of the final order on 14 November 2025. * The financial impact of the order is ₹1.18 crore, which was paid in September 2025 and includes tax and interest. * There is no material impact on the operations or other activities of the company.
What to do with a filing like this
Glottis Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. 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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See the model portfoliosA plain-language summary of a public exchange filing by Glottis Limited. Read the original for the full detail.