Updater Services Limited received an order from the Office of the Assistant Commissioner, Puducherry for an amount of INR 63,723 under section 74. Based on the company's assessment, the order has been passed without considering the response which have submitted against the notice. The company Updater Services Limited is in the process of exploring all legal options including filing appeal before the Appellant authority and the company is hopeful that there will be no significant financial impact in this case.

The basis of order is reconciliation difference for Excess ITC claimed only penalty. Based on the company (Updater Services Limited)'s assessment, the Order is devoid of merits and the financial amount is expected to be NIL. The company (Updater Services Limited) is exploring all legal options including filing appeal before the Appellant authority.