Modison Ltd

Modison Ltd Faces ₹11.67L Tax Demand – What Happened? 💰

- Tax demand of ₹11,67,229 (incl. interest/penalty) issued by Deputy Commissioner of State Tax, Surat.

- Discrepancies found during FY 2021-22 audit include:

• Differential tax liability on B2B outward supply

• Excess ITC availed/utilized

• Excess claim of ineligible ITC

- Company expects no significant financial/operational impact.

- Considering appeal within prescribed timelines.

- Demand notice received via email on September 24, 2025 (Form GST ADT-02).