Chennai, February 1, 2025 – Updater Services Limited (NSE: UDS, BSE: 543996) has disclosed receiving an order from the Office of the Commercial Tax Officer, Chengalpattu, Tamil Nadu, under Section 74 of the Tamil Nadu Goods and Services Tax (TNGST) Act, 2017. The order mandates a payment of ₹33,896 due to a reconciliation difference for Input Tax Credit (ITC) reversal related to exempted supplies.
Key Details of the Tax Order
| Details | Information |
|---|---|
| Authority Issuing the Order | Office of the Commercial Tax Officer, Chengalpattu, Tamil Nadu |
| Nature of Action | Order under Section 74 of TNGST Act, 2017 |
| Amount Involved | ₹33,896 |
| Reason for Order | ITC reversal due to reconciliation difference on exempted supplies |
| Date of Order | February 1, 2025 |
| Company Response | Updater Services Limited has accepted the order and will make the payment. |
The company confirmed compliance with the order and stated that it would not have a significant financial or operational impact.