Innovators Facade Systems Ltd Receives GST Audit Penalty of Rs. 1,67,077
Innovators Facade Systems Ltd has received a penalty notice from the Goods and Services Tax Department, Karnataka, regarding a GST audit conducted for the period spanning Financial Year 2018-19 to Financial Year 2022-23.The company received the order on July 15, 2026. The penalty imposed by the department amounts to Rs. 1,67,077.
The company is currently in the process of evaluating the audit order and intends to determine the appropriate course of action, which may include filing an appeal with a higher authority. Management has stated that the penalty does not have any material impact on the financial standing, operations, or other business activities of the company.
| Detail | Description |
|---|---|
| Issuing Authority | Goods and Services Tax Department, Karnataka |
| Period Covered | FY 2018-19 to FY 2022-23 |
| Penalty Amount | Rs. 1,67,077 |
| Date of Order | July 15, 2026 |
Stock Price Movement
Innovators Facade Systems Ltd shares slipped by 0.50% to settle at ₹119.00 today. The stock saw some volatility during the session, finding support near a low of ₹118.30 before finding its footing.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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