Glottis Limited received a favorable order dropping GST scrutiny proceedings. The Office of the Superintendent of GST & Central Excise closed the case regarding alleged excess Input Tax Credit of ₹2.73 Crore for FY 2022-23 after finding the company's reconciliations satisfactory. There are no financial or operational implications.
Glottis Limited received a GST scrutiny notice (Form ASMT-10) for FY 2022-23 alleging wrongful ITC claims. The notice proposes a liability of approximately ₹2.73 Crore. The company is currently evaluating the allegations and states there is no material impact on its financial position at this stage.