Clean Science settles ₹2.0 crore net GST proceeding impact
As filed · Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Search and Seizure proceedings by Goods and Services Tax (GST) Department.
RegulatoryDeterioratingLowmateriality 42 out of 100
What happened
FactMaharashtra GST Department search and seizure proceedings at Clean Science and Technology and its wholly owned subsidiary, initiated on 23 September 2026, concluded on 29 September 2026. The department determined ₹9.9 crore of reverse-charge GST liability, which the company says is fully eligible for input tax credit, plus ₹2.0 crore of interest and non-creditable tax liabilities that the company will settle.
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
- Yes. So quarter 1, you can assume to be a sustainable number. (management committed by Q1 FY26)
Evidence
How CapitSignal classified this
- Reasoning:
- The proceedings result in a stated net cost of ₹2.0 crore, while the larger ₹9.9 crore GST liability is stated to be creditable. The company said operations continued normally and that there was no material or significant impact beyond the settlement amount.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%