Sudarshan Chemical Industries has received multiple GST demand orders from the Office of the Superintendent of GST and CE, Chennai, covering the financial periods from 2019-2020 through 2023-2024. The company maintains that it has a strong case against the demands and is currently in the process of filing appeals. Management has confirmed that these orders will have no impact on the company’s financial or operational activities.
Details of Tax Demands
The tax authorities in Chennai have issued a series of audit-related demand orders under Form DRC 07, all dated March 31, 2026. These demands cover five consecutive financial years, with aggregate amounts inclusive of tax, interest, and penalties as follows:
- 2019-2020: Total demand of Rs. 65,920
- 2020-2021: Total demand of Rs. 5,89,258
- 2021-2022: Total demand of Rs. 4,19,970
- 2022-2023: Total demand of Rs. 80,598
- 2023-2024: Total demand of Rs. 1,00,332
Company Stance and Operational Impact
Following a comprehensive review of the audit findings, the company believes it has a robust defense on all points raised by the tax authorities. Because the orders are subject to appeal, the company has initiated the process to challenge these demands before the appropriate appellate authority.
The company has assured stakeholders that the issuance of these orders does not hinder business continuity. There is no material impact on the company’s financial health, daily operations, or long-term growth activities resulting from these specific tax assessments.
Source: BSE
