Samrat Forgings GST Proceedings Conclude with Demand Dropped After Settlement
Samrat Forgings Limited has received a favorable order from the Assistant Commissioner of State Tax, Mohali, concluding GST proceedings under section 73. The original demand of ₹3.79 crore raised through a show cause notice has been completely dropped after the company submitted detailed responses and paid ₹75,060 as settlement for identified discrepancies.
*this image is generated using AI for illustrative purposes only.
Samrat Forgings Limited has received a favorable order concluding GST proceedings that were initiated through a show cause notice received in September. The Assistant Commissioner of State Tax, Mohali has dropped the original demand and closed the proceedings under section 73 of SGST/CGST Act, 2017.
Original Show Cause Notice and Demand
The company had initially received a show cause notice on September 30, 2025, from the Goods and Service Tax Authority. The notice alleged non-declaration of correct tax liability in returns filed for Financial Year 2021-22.
| Parameter | Original Notice | Final Outcome |
|---|---|---|
| Original Demand | ₹3.79 crore (including tax, interest, penalty) | Dropped |
| Authority | Assistant Commissioner of State Tax, Mohali | Same |
| Legal Provision | Section 73 of SGST/CGST Act, 2017 | Proceedings concluded |
| Company Payment | ₹75,060 total | Accepted as settlement |
Company's Response and Settlement
Samrat Forgings submitted a detailed reply along with supporting documents to address the allegations. The company made payments totaling ₹75,060 to settle identified discrepancies:
- Tax payment: ₹17,960
- Interest on delayed GST payment: ₹57,100
The tax department found the company's response and supporting documentation satisfactory, leading to the favorable conclusion of proceedings.
Final Order and Resolution
On December 30, 2025, the company received the final order concluding the proceedings. The order confirms that:
- The original demand of ₹3.79 crore has been completely dropped
- No further demand will be raised against the company
- The proceedings under section 73 have been formally concluded
- No action is required from the company
Business Impact Assessment
The company has clarified that there is no adverse impact on its financial, operational, or other business activities following this resolution. The minimal settlement amount of ₹75,060 represents a significantly favorable outcome compared to the original demand of ₹3.79 crore.
This disclosure was made under Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding the conclusion of regulatory proceedings.
Historical Stock Returns for Samrat Forgings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.81% | +0.56% | -16.79% | -20.10% | -33.57% | +93.11% |
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