Smartklink : subsidiary Receives GST Show Cause Notice

DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685

Smartlink Holdings Limited (BSE: 532419; NSE: SMARTLINK) has disclosed that its material subsidiary, Digisol Systems Limited, has received a Show Cause Notice (SCN) from the State Tax Officer, Maharashtra Goods and Services Tax Department, concerning scrutiny of its GST returns for the period April 2022 to March 2023. The notice raises certain discrepancies relating to outward tax reported in GST returns and input tax credit (ITC) claimed during the relevant tax period. The proposed amounts include a GST demand, interest and penalty, subject to the outcome of the proceedings. Key Highlights Company : Smartlink Holdings Limited (BSE: 532419; NSE: SMARTLINK). Subsidiary involved: Digisol Systems Limited, a material subsidiary. Authority: State Tax Officer, Maharashtra Goods and Services Tax Department. Notice date: September 28, 2026. Date received: October 5, 2026. Period under scrutiny: April 2022 to March 2023. Proposed GST demand: ₹1.77 crore. Proposed interest: ₹1.41 crore. Proposed penalty: ₹17.70 lakh. Total proposed liability : Approximately ₹3.36 crore, including GST, interest and penalty. Company's response : Digisol is evaluating the notice and plans to submit a detailed , reply with the prescribed timelines. The regulatory disclosure identifies two principal issues arising from the scrutiny of Digisol's GST returns. First, the tax authority identified excess outward tax reported in GSTR-1 compared with GSTR-9, with a proposed tax liability of ₹1,66,717.29. Second, the authority identified excess input tax credit claimed in GSTR-3B/GSTR-9 that was not confirmed in GSTR-2B/GSTR-2A. The proposed tax liability associated with this discrepancy is ₹1,74,74,992.52.