Updater Services Limited receives ₹41.57 Lakh tax order; expects nil financial impact.
Updater Services Limited has received an order from the office of the Commercial Tax Officer, Chennai, Tamil Nadu, for an amount of ₹41,57,398 under Section 74 of the CGST Act, 2017. The company stat...
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Why is Updater Services Limited in the news today?
Updater Services Limited (UDS) is in the news due to the company has received a tax order, which is a negative event. however, they are confident about its merits and expect no significant financial impact, planning to appeal. this offsets the initial negative news.
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Updater Services Limited receives ₹41.57 Lakh tax order; expects nil financial impact.
December 17, 2025, 05:36 AM
Updater Services Limited has received an order from the office of the Commercial Tax Officer, Chennai, Tamil Nadu, for an amount of ₹41,57,398 under Section 74 of the CGST Act, 2017.
The company stated that the order was passed without considering their submitted response. Updater Services Limited is currently exploring all legal options, including filing a writ or appeal before the Appellant authority. The company is hopeful that there will be no significant financial impact from this order, as they believe it is devoid of merits.
The order, dated December 16, 2025, pertains to a turnover difference between GSTR 3B and GSTR 9, and under-declaration of ineligible ITC. Updater Services Limited has communicated this information as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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