Quess Corp Receives GST Penalty Order of ₹39.36 Lakhs
Quess Corp Limited received a GST penalty order of ₹39.36 lakhs from CGST authorities. The penalty relates to alleged short tax payment and excess ITC availment. The company stated there is no material impact and is filing an appeal.
The company explicitly stated that there is no material impact on its financials or operations, and they are contesting the order through an appeal.
The company received a penalty order, which is negative news. However, the company has stated that there is no material impact and they are filing an appeal, which mitigates the negative sentiment.
Quess Corp Limited has disclosed receiving an order in Form GST DRC-07 from the Office of the Assistant Commissioner of CGST & C.Ex., Division-X, Mumbai East, Mumbai. The order, dated March 18, 2026, and received by the company on March 30, 2026, imposes a penalty of ₹39.36 lakhs under Section 74 of the CGST Act, 2017.
The penalty arises from allegations of short payment of tax amounting to ₹2.68 lakhs in Form GSTR-3B compared to the tax liability disclosed in Form GSTR-1, and excess availment of Input Tax Credit (ITC) of ₹36.67 lakhs in Form GSTR-3B versus details reflected in Form GSTR-2A.
Despite the penalty, Quess Corp has stated that there is no material impact on the company's financials or operations due to this order. The company is in the process of filing an appeal with the Appellate Authority regarding this matter.
What to do with a filing like this
Quess Corp 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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See the model portfoliosA plain-language summary of a public exchange filing by Quess Corp Limited. Read the original for the full detail.