Standard Engineering Technology Limited Receives Order Regarding Tax Assessment
Standard Engineering Technology Limited (formerly known as Standard Glass Lining Technology Limited) announced it received an order dated March 30, 2026, from the Office of the Assistant Commissioner (State Taxes), Government of Telangana. The order, issued under Section 74 of the Central Goods and Services Tax Act, 2017 read with the Telangana Goods and Services Tax Act, 2017, relates to a demand notice raised for the financial year 2019-20.The notice pertains to differences in taxable value in comparison with E waybills, with an involved amount of ₹ 3,16,42,395.
The company reports no financial or operational implications from the order and has stated that the matter does not affect ongoing business operations. The company is currently evaluating the order and intends to file an appeal before the appropriate appellate authority.
The underlying Show Cause Notice, which forms the basis of the order, was previously disclosed in the company's Offer Document dated December 30, 2024. No specific penalty has been quantified, though provisions of Section 74 allow for penalties that are being disputed. No restrictions have been imposed on the company’s operations.
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