Butterfly Gandhimathi Appliances Limited informed hat the Company has received order from West Bengal GST authorities by raising demand of INR 97,553 (Tax- INR 42,137, Interest INR 25,416 and Penalty INR 30,000)pursuant to the assessment order passed by the Office of The Deputy Commissioner of GST(ST), Behala Charge, Kolkata, West Bengal dated June 10, 2024 for the Assessment Year 2019-20. Name of the authority: The Deputy Commissioner of GST(ST), Behala Charge, Kolkata, West Bengal. Nature and details of the action(s) taken initiated, or order(s) passed: Demand raised under section 73 of the GST Act 2017.
Date of receipt: June 10, 2024. Details of the violation: Demand raised on account of availing excess ITC in GSTR3B compared to GSTR2A for the financial year 2019-2020. Impact on financial, operation or other activities of the Company, quantifiable in monetary terms to the extent possible;: Potential impact on financials INR 97,553.