Mumbai, February 09, 2025 – Smartlink Holdings Limited (BSE: 532419, NSE: SMARTLINK) has disclosed the receipt of an order from the Superintendent of Central Tax (ESD8 Range), Bengaluru, regarding a Goods and Services Tax (GST) demand.
Key Details of the Order:
The tax demand relates to payments made to the Electronic City Industrial Township Authority (ELCITA) for services under the Reverse Charge Mechanism (RCM). The order includes:- GST Demand: ₹65,948 (CGST: ₹32,974 and SGST: ₹32,974).
- Interest & Penalty: Additional interest and penalties are applicable under Sections 50 and 74(9) of the CGST Act, 2017.
- Reason for Tax Demand: The payment made to ELCITA amounting to ₹3,66,377.5 has been classified as a taxable supply of services under Section 7 of the CGST Act, 2017, as per Notification No. 13/2017 Central Tax (Rate) dated July 28, 2017.
- Order Receipt Date: February 08, 2025.
Company's Position & Impact
Smartlink Holdings has stated that the tax demand and related actions will have no material impact on its financial, operational, or other business activities.This disclosure has been made under Regulation 30 of SEBI (LODR) Regulations, 2015 for investor awareness.