GST Demand Raised Against Nucleus Software Exports Limited for FY 2018-19
Nucleus Software Exports Limited has received an order from the GST Appellate Authority concerning financial year 2018-19, wherein a significant tax demand has been levied against the company. The decision was received by the firm on July 27, 2026.The demand has been raised by the Goods and Service Tax Department, Additional Commissioner Grade-II Appeal. As per the order, the total GST demand stands at INR 47,02,500/-. This amount encompasses a penalty of INR 2,25,000/-, along with interest totaling INR 22,27,500/-.
The tax reversal, leading to the increased demand, relates to certain credit notes that were not appearing on the GST portal, which serves as the basis for the action initiated by the Appellate Officer.
Nucleus Software Exports Limited has assessed the received order and stated that it is not maintainable. The company confirmed that it is currently in the process of filing an appeal against the decision made by the authority.
Regarding its operational impact, the company clarified that the GST matter has no material effect on the financial status, operations, or any other activities of Nucleus Software Exports Limited.
NUCLEUS Stock Price Movement
Nucleus Software Exports Limited shares are shedding value in live trading, with stock dipping 0.06% to ₹731.05 as of 12:47 PM. The equity has traded within an intraday range of ₹728.55 and ₹744.4, accompanied by a volume of 28,231 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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