Kovilpatti Lakshmi Roller Flour Mills Completes GST Proceedings After Tax Authority Accepts Company's Reply
Kovilpatti Lakshmi Roller Flour Mills Limited has received a conclusive order from the tax authorities regarding a discrepancy notice pertaining to Assessment Year 2022-23. The proceedings, initiated under Form GST ASMT-10 and addressed by the company through Form GST ASMT-11, have concluded after the Assistant Commissioner (ST) in Tirunelveli accepted the company's detailed reply.The resolution addresses a notice issued on March 13, 2026, concerning various alleged defects under the assessment year 2022-23. The final Order in Form GST ASMT-12, dated July 10, 2026, confirmed that all matters are concluded and the company owes no tax demand, penalty, or interest in this regard.
The notice issued to Kovilpatti Lakshmi Roller Flour Mills was related to four specific discrepancies concerning the company's operations during the assessment period:
| Allegation/Discrepancy | Amount (Rs.) |
|---|---|
| Tax difference due under RCM head | 46,582 |
| Exempted turnover requiring reconciliation | 1,72,57,46,725/- |
| Input Tax Credit (ITC) claimed needing explanation | 1,57,54,050/- |
| Ineligible ITC proposed for recovery | 34,53,727/- |
The company responded to the discrepancy notice on April 13, 2026. The subsequent order confirmed that the reply was accepted and all related defects were verified and dropped by the Office of the Assistant Commissioner (ST), Tirunelveli Junction Assessment Circle.
This outcome means there is no impact on the financial or operational activities of Kovilpatti Lakshmi Roller Flour Mills Limited, as the GST proceedings have been fully concluded.
Stock Price Movement
As of 11:12 AM, Kovilpatti Lakshmi Roller Flour Mills Ltd. shares are edging higher at ₹98.70, pushing up by 1.13%. The stock has traded within an intraday range, fluctuating between a low of ₹97.80 and the current high of ₹98.70.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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