- Ethos Limited received a demand of ₹3.21 crore under Section 74 of the CGST Act, 2017
- The penalty was imposed for alleged non-payment of GST on non-taxable transactions and differences in Input Tax Credit
- The Company plans to challenge the order before an appropriate authority
- Ethos Limited believes the demand is factually and legally untenable
- The disclosure was made under regulation 30 of the SEBI Regulations
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
