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Rashi Peripherals Limited ( (IN:RPTECH) ) just unveiled an announcement.
Rashi Peripherals Limited has disclosed that it received an adjudication order from the Assistant Commissioner of GST & Central Excise, Chennai North Commissionerate, confirming a total demand of about Rs 1.96 crore in tax and penalties for financial year 2021–22, primarily linked to alleged wrongful availment and excess claim of input tax credit on imported goods. The company disputes the demand, is consulting tax advisers to file an appeal, and says the amount will be treated as a contingent liability in its financial statements until the matter is finally resolved, signalling a potential but currently non-cash exposure that investors and other stakeholders will likely monitor for its eventual financial and compliance implications.
More about Rashi Peripherals Limited
Rashi Peripherals Limited is an India-based technology products distributor operating in the IT and electronics hardware space, supplying goods across categories where input tax credit on imports and domestic purchases is a key component of its cost structure and working capital management.
Average Trading Volume: 9,830
Technical Sentiment Signal: Strong Buy
Current Market Cap: 23.33B INR
Find detailed analytics on RPTECH stock on TipRanks’ Stock Analysis page.