Orchasp Limited Receives Spot Memo Regarding GST Audit
Orchasp Limited announced today, March 28, 2026, that it received a spot memo from the Office of the Commissioner of Goods and Services tax (Central tax), Hyderabad Audit, Hyderabad. The memo pertains to a GST audit covering the period 2020-21 to 2023-24.The notice was received via email on March 27, 2026, at 3:49 PM. The spot memo relates to alleged violations concerning the mechanism under Section 20 of the IGST Act of 2017, specifically non-payment of GST on imported services under the reverse charge mechanism, and Section 74 of the CGST/SGST Act of 2017.
The potential financial impact of this matter is quantified at Rs. 12,58,59,446, along with applicable interest and penalties, the total amount of which has not yet been determined.
Orchasp Limited is currently evaluating the spot memo and the potential consequences.
| Name of the Authority | Office of the Commissioner of Goods and Services tax (Central tax ), Hyderabad Audit, Hyderabad |
|---|---|
| Nature of Action | Issuance of Spot Memo pertaining to GST Audit for the period 2020- 21 to 2023-24 |
| Date of Receipt | 27-03-2026 at 15:49 hrs. |
| Details of Alleged Violation | Mechanism under Section 20 of the IGST Act'2017 Non-Payment of GST on Import of Services under Reverse Charge Section 74 of CGST/SGST Act' 2017 read with |
| Potential Financial Impact | Rs.12,58,59,446/- along with Interest and Penalty |
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