Dhruv Consultancy Services Faces GST Penalty of ₹1.69 Lakh for FY 2020-21

Mumbai, January 30, 2025 – Dhruv Consultancy Services Limited (BSE: 541302, NSE: DHRUV) has received an order from the Deputy Commissioner of Central Tax, Division 1, CGST, and Central Excise Commissionerate, Belapur, imposing a penalty, interest, and fees totaling ₹1,69,886. The order pertains to GST scrutiny for the Financial Year 2020-21.

Key Details of the Order​

The penalty has been levied in relation to GST on Input Tax Credit (ITC) availed and GST on Outward Supply for the said period. The company formally acknowledged the order, which was issued on January 29, 2025.

Limited Financial Impact​

Dhruv Consultancy Services has assured that the penalty will have no material impact on its financials, operations, or ongoing business activities.

Managing Director Tanvi Auti (DIN: 07618878) has signed off on the disclosure, reaffirming the company's compliance with regulatory norms.

Investor Takeaway​

While regulatory scrutiny and penalties can be a concern, Dhruv Consultancy Services has stated that this order does not pose a significant financial risk. Investors and stakeholders will be keen to see how the company navigates such compliance matters going forward.