Quess Corp Ltd. Receives Order Regarding GST Penalty
Quess Corp Ltd. announced it received an order from the Office of Assistant Commissioner of CGST & C.Ex., Division-X, Mumbai East, Mumbai, imposing a penalty of 39.36 lakhs. The order, dated March 18, 2026, was received on March 30, 2026.The authority alleges a short payment of tax of 2.68 lakhs and excess availment of Input Tax Credit (ITC) of 36.67 lakhs. The discrepancies relate to filings in Forms GSTR-3B, GSTR-1, and GSTR-2A.
According to the company, the order is not expected to have a material impact on its financials or operations. Quess Corp Ltd. intends to file an appeal with the Appellate Authority.
| Sl. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the authority | Office of Assistant Commissioner of CGST& C.Ex., Division-X, Mumbai East |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed | An Order dated March 18, 2026, passed in Form GST DRC-07 by the Office of Assistant Commissioner of CGST & C.Ex., Division-X, Mumbai East, Mumbai, under Section 74 of the CGST Act, 2017 and the applicable Rules madethereunder, received by theCompany on March 30, 2026, imposing a penalty of Rs. 39.36 lakhs under the applicable provisions. |
| 3 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | March 30, 2026, at 03:11 P.M. |
| 4 | Details of the violation(s) / contravention(s) committed or alleged to be committed | The Order has been passed by the authority, alleging short payment of tax of Rs. 2.68 lakhs as reported in Form GSTR-3B vis-à-vis the tax liability disclosed in Form GSTR-1, along with excess availment of Input Tax Credit (ITC) of Rs. 36.67 lakhs in Form GSTR- 3B as compared to the details reflected in Form GSTR-2A. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | There is no material impact on the Company's financials or operations due to the said order. Based on the assessment of facts and prevailing law, the Company is in the process of filing an appeal with the Appellate Authority in this regard. |
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