Sasken Technologies Receives GST Order Demanding ₹38.65 Lakh for Tax Violations
Sasken Technologies Limited received a GST order from Chennai South Commissionerate on March 27, 2026, demanding ₹19.22 lakh in taxes and ₹19.42 lakh in penalty for alleged violations during April 2019 to March 2024. The company reported no material financial or operational impact and plans to appeal the order before the Commissioner of Appeals.
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Sasken Technologies Limited has received a GST order from the Office of the Superintendent of GST & Central Excise, Range V, Perungudi Division, Chennai South Commissionerate. The company informed stock exchanges about this development on March 27, 2026, in compliance with SEBI listing regulations.
GST Order Details
The order was issued under Section 74(9) of CGST/TNGST Act, 2017, covering the period from April 2019 to March 2024. The company received the order on March 27, 2026.
| Parameter: | Details |
|---|---|
| Authority: | Office of the Superintendent of GST & Central Excise, Range V, Perungudi Division, Chennai South Commissionerate |
| Order Type: | Order-in-Original under Section 74(9) of CGST/TNGST Act, 2017 |
| Period Covered: | April 2019 to March 2024 |
| Receipt Date: | March 27, 2026 |
Alleged Violations and Financial Impact
The GST authorities have identified several alleged violations during the assessment period:
| Violation Type: | Amount (₹) |
|---|---|
| Excess refund claim | 13,91,177 |
| Non-reversal of ITC on credit notes issued | 5,10,996 |
| Excess avail of ITC in GSTR-3B returns | 20,774 |
| Total Tax Demand | 19,22,947 |
| Penalty (100% of tax demand) | 19,42,173 |
| Interest | As applicable |
The order includes:
- Excess refund claims amounting to ₹13,91,177
- Non-reversal of Input Tax Credit (ITC) on credit notes worth ₹5,10,996
- Excess availment of ITC in GSTR-3B returns compared to actual available ITC in GSTR-2A/2B of ₹20,774
- A penalty equal to 100% of the tax demand, calculated at ₹19,42,173
- Interest charges as applicable under the law
Company's Response and Next Steps
Sasken Technologies has stated that there is no material impact on the company's financial position or operational activities due to this order. The company emphasized that the order is currently appealable and confirmed its intention to exercise the right to appeal before the Commissioner of Appeals.
The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically sub-para 20 of Para A of Part A of Schedule III, which requires disclosure of tax litigation or disputes.
Regulatory Compliance
The intimation was signed by Paawan Bhargava, Company Secretary, and submitted to both BSE Limited and National Stock Exchange of India Limited through web upload. This disclosure follows SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, regarding compliance requirements for listed entities.
How might the appeal process timeline affect Sasken Technologies' cash flow and quarterly financial results?
Could this GST order trigger additional scrutiny of Sasken's tax compliance across other jurisdictions or time periods?
What impact might this regulatory issue have on Sasken's client relationships and new business acquisitions in the technology sector?
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