Gurugram, January 29, 2025 – A2Z Infra Engineering Limited has disclosed a
Goods and Services Tax (GST) demand of ₹1,97,88,932 for the
financial year 2019-20, following a notice issued by the
Assistant Commissioner, GST & Central Excise, Bhubaneswar-I Division.
Key Details of the GST Demand
- Authority: Assistant Commissioner, GST & Central Excise, Bhubaneswar-I Division
- Penalty Amount: ₹1,97,88,932 (₹1.97 crore)
- Violation: Penalty imposed under Section 122(1)(vii) of CGST/OGST Act, 2017 and Section 122(1)(ii) of CGST Act, 2017 read with Section 122(2)(a) of IGST Act, 2017.
- Date of Receipt of Notice: January 28, 2025
Impact on the Company
Despite the substantial penalty,
A2Z Infra Engineering has stated that the demand notice will not have any material impact on its financials, operations, or other activities. The company is expected to address the demand through appropriate legal and compliance measures.
Regulatory Disclosure
This disclosure follows
Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders. The information was submitted to both
BSE Limited (Scrip Code: 533292) and NSE (Scrip Code: A2ZINFRA).
Company’s Position
A2Z Infra Engineering has assured that it is reviewing the notice and will take necessary steps to resolve the issue. The company continues its commitment to compliance with
tax regulations and corporate governance.
Outlook & Next Steps
The company is expected to engage with tax authorities to
analyze and contest the imposed penalty where necessary. Investors and stakeholders will be updated on further developments regarding this GST demand.