Crompton Greaves Consumer Electricals Limited Receives an Order from the Office of the Assistant Commissioner CGST & CX., Park Street Division, Kolkata South Commissionerate

Crompton Greaves Consumer Electricals Limited received an order from the office of the Assistant Commissioner CGST & CX., Park Street Division, Kolkata South Commissionerate for the period April 2018 to March 2019 imposing demand of INR 19,232,646 (Tax INR 9,136,649 interest INR 9,182,332 and penalty of INR 913,665) under Goods and Service Tax Act,2017. Name of the authority: Assistant Commissioner CGST & CX., Park Street Division, Kolkata South Commissionerate. Nature and details of the action(s) taken initiated, or order(s) passed: Demand raised under section 73 of the OGST Act'2017.

Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority: 26th April, 2024 (3.37 PM). Details of the violation(s)/contravention(s) committed or alleged to be committed: Difference in GSTR1 & GSTR3B reconciliation. Impact on financial, operation or other activities of the Company, quantifiable in monetary terms to the extent possible: Potential impact of INR 19,232,646.