Regulatory Update: GST Appeal of Sasken Technologies

DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685

Sasken Technologies Limited has informed the stock exchanges about an order passed by the Joint Commissioner Appeals – 5, LGSTO 046, Bengaluru, concerning a GST-related tax dispute for FY 2020–21. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015. Key Highlights — Point by Point 1. Authority Issuing the Order The order was passed by the Joint Commissioner Appeals – 5, LGSTO 046, Bengaluru, DGSTO-5, Bengaluru, Karnataka. 2. GST Appeal Dismissed The company received an appeal order under Section 107(1) of the SGST Act, 2017 and CGST Act, 2017 for FY 2020–21. The appeal filed by Sasken Technologies has been dismissed. 3. Original Tax Demand The order confirms a tax demand of ₹6.75 crore approximately. 4. Interest Component Interest was initially stated at approximately ₹5.36 crore. The company said the interest was subsequently recalculated up to the date of the appeal order. 5. Penalty A penalty of approximately ₹0.68 crore has also been included in the demand. Total Demand — Initial Calculation The tax, interest and penalty amounted to approximately ₹12.79 crore based on the initial calculation. 6. Updated Interest and Total Demand According to the filing, interest recalculated up to the order date is approximately ₹7.03 crore, taking the total demand to approximately ₹14.45 crore.