Sahajanand Medical Technologies Limited has received a recovery notice related to central goods and services tax. The notice, issued by the Joint Commissioner of State Tax, Ranchi, concerns a demand totaling ₹34,29,789, including interest and penalty, for the financial years 2018-19 to 2020-21. The company is cooperating with authorities and has stated that the notice currently has no material financial impact.
GST Demand Recovery Notice Issued
Sahajanand Medical Technologies Limited has been issued an intimation for recovery of demand in Form GST DRC-01D. This notice was received on November 4, 2026, and pertains to actions initiated under the Central Goods and Services Tax Act, 2017.
Details of the Notice
The notice was issued by the Office of the Joint Commissioner of State Tax, West Circle, Ranchi, Jharkhand. It relates to a demand totaling ₹34,29,789, which includes interest and penalty. This demand is linked to orders previously issued in Form DRC-07 dated July 22, 2022, for the financial years 2018-19 to 2020-21. The issue under consideration involves the eligibility of Input Tax Credit (ITC) under the cross-charge mechanism.
Company’s Stance and Impact
Sahajanand Medical Technologies Limited has stated that it is fully cooperating with the authorities and will provide all necessary information. At this stage, the company believes this notice does not have any material financial, operational, or business impact. The company has already litigated the matter before respective Appellate Authorities for demand and penalty under consideration.
Disclosure Compliance
The company is providing this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Details as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure-A. The information is also being uploaded on the company’s website, www.smtpl.com.
Source: BSE
