Updater Services Subsidiary Receives ₹1.01 Crore GST Order, Company Awaits Legal Recourse
Updater Services Limited has been informed that its subsidiary, Fusion Foods and Catering Private Limited, has received an order from the Assistant Commissioner, Chennai, Tamil Nadu, under Section 73 ...
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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 received a significant tax order, which is negative. however, they are exploring legal recourse and expect no significant financial impact, which is a mitigating factor. the sentiment is neutral due to this balance.
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Updater Services Subsidiary Receives ₹1.01 Crore GST Order, Company Awaits Legal Recourse
December 30, 2025, 05:35 AM
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More Details on This News
Updater Services Limited has been informed that its subsidiary, Fusion Foods and Catering Private Limited, has received an order from the Assistant Commissioner, Chennai, Tamil Nadu, under Section 73 of the CGST Act, 2017. The order pertains to an amount of ₹1,01,42,848 and is reportedly based on supply to SEZs without payment of tax.
Fusion Foods and Catering Private Limited believes the order was passed without due consideration of their submitted response. The subsidiary is exploring all legal options, including filing a writ or appeal before the Appellant authority. Updater Services Limited is optimistic that there will be no significant financial impact resulting from this order, as they deem it to be devoid of merits.
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