Sudarshan Chemical receives tax order of ₹59.42 Lakhs, plans appeal
Sudarshan Chemical Industries Limited has disclosed an order passed by the Office of the Deputy Commissioner of State Tax, Valasaravakkam, Chennai-South, dated 31st December 2025. The order, a GST DRC...
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Why is Sudarshan Chemical Industries Limited in the news today?
Sudarshan Chemical Industries Limited (SUDARSCHEM) is in the news due to the company has received a tax order with a demand, which is negative. however, the company believes it has a strong case and is planning to appeal, expecting no impact on its operations. therefore, the sentiment is neutral.
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Sudarshan Chemical receives tax order of ₹59.42 Lakhs, plans appeal
December 31, 2025, 10:40 AM
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More Details on This News
Sudarshan Chemical Industries Limited has disclosed an order passed by the Office of the Deputy Commissioner of State Tax, Valasaravakkam, Chennai-South, dated 31st December 2025. The order, a GST DRC-07, pertains to the period 1st April 2021 to 31st March 2022 and includes a total demand of ₹59,42,307, comprising ₹53,67,474 in tax and ₹5,74,833 in penalty.
The company stated that the tax authorities completed an audit for the specified period, and after the company submitted its response to a notice in Form DRC 01, the order was issued. Sudarshan Chemical believes it has a strong case regarding the points raised by the tax authorities.
The company is in the process of filing an appeal before the appropriate authority. Sudarshan Chemical expects no impact on its financial, operational, or other activities due to this order.
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