AYM Syntex LimitedAYMSYNTEXNSE
AYM Syntex receives GST show-cause notice seeking Rs. 2.32 crore
As filed · AYM Syntex Limited has informed the Exchange about a Show Cause Notice received from the Deputy Commissioner of State Tax, Thane Audit, Department of Goods and Services Tax.
RegulatoryDeterioratingMinormateriality 48 out of 100
What happened
FactAYM Syntex received a show-cause notice following GST audit proceedings for FY 2022-23. The notice proposes recovery of Rs. 2,31,85,885, comprising tax, interest and penalty; the company said there is no immediate financial impact and it will submit a detailed reply and pursue available legal remedies.
Why it matters
CapitSignal interpretationRegulatory action carries direct monetary penalties and can restrict how the business operates until it is resolved.
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Fact- Quantum of penalty and whether it is appealed
- Any restriction placed on operations or licences
- Timeline given by the regulator
Evidence
How CapitSignal classified this
- Reasoning:
- The notice creates a potential GST liability of Rs. 2,31,85,885, although no penalty, restriction or sanction has been imposed as of the filing date. Its ultimate financial effect will depend on adjudication and the company's response.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%