Exato Technologies Limited Receives Order Regarding Input Tax Credit
Exato Technologies Ltd. (Scrip Code: 544626) announced on March 25, 2026, that it received an order from the Office of the Assistant Commissioner of CGST & Central Excise, division -X, Mumbai East.The order pertains to the period from April 2019 to March 2020 and confirms a demand for Input Tax Credit (ITC) totaling ₹41,046, comprising ₹20,523 in CGST and ₹20,523 in SGST. The order is issued under Sections 74(1) of the Central Goods and Services Tax Act, 2017 and MGST Act, 2017, read with Section 20 of the Integrated Goods and Services Tax Act, 2017.
In addition to the ITC demand, the order also includes interest under Section 50(1) of the CGST Act and MGST Act, 2017, read with Section 20 of the Integrated Goods and Services Tax Act, 2017, and a penalty of ₹41,046 under Section 74(1) of the CGST Act, 2017 and MGST Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017.
According to the company, the quantum involved is not expected to have a material financial or operational impact. Exato Technologies Ltd. is evaluating the order and will consider filing an appeal if necessary.
The details of the order are provided in Annexure A.
| Name of the authority | Office of the Assistant Commissioner of CGST & Central Excise, division -X, Mumbai East. |
|---|---|
| Nature and details of the action(s) taken, initiated or order(s) passed | Confirms the demand of Input Tax Credit (ITC) amounting to ₹41,046 (comprising CGST of ₹20,523 and SGST of ₹20,523) for the period from April 2019 to March 2020. Includes interest under Section 50(1) of the CGST Act and MGST Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017 and a penalty amounting to ₹41,046. |
| Date of receipt of direction or order | Received on March 24, 2026 |
| Details of violation(s)/contravention(s) committed or alleged to be committed | Section 16 & 17 of the CGST Act, 2017 concerning the non-reversal of excess input tax credit; Section 59 of the CGST Act regarding inaccurate self-assessment of liability. |
| Impact on financial, operation or other activities | Company does not expect any material financial or operational impact. |
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