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Alldigi Tech Ltd ( (IN:ALLDIGI) ) has shared an announcement.
Alldigi Tech Limited has disclosed that it received an assessment order from the Office of the Commissioner of GST & Central Excise in Chennai, demanding Rs 9.31 crore in tax along with a nearly equivalent penalty for the period April 2018 to March 2023, primarily relating to input tax credit claims on cross-charge services, ineligible ITC, and related GST compliance matters. The company maintains that the demand is prima facie untenable, plans to challenge the order through the appellate process or writ jurisdiction, and has stated that the order is not expected to have a significant impact on its financials or operations, signalling to investors that it views the issue as a manageable tax dispute rather than a material operational setback.
More about Alldigi Tech Ltd
Alldigi Tech Limited, formerly known as Allsec Technologies Limited, is an India-based technology company headquartered in Chennai, operating in the digital and technology services space. The company is listed on both the BSE and NSE and serves clients through technology-led solutions from its head office and branch network, with operations structured to allow cross-charging of services between locations under the GST framework.
Average Trading Volume: 462
Technical Sentiment Signal: Hold
Current Market Cap: 12.41B INR
See more insights into ALLDIGI stock on TipRanks’ Stock Analysis page.