Orchasp Limited has received a Rs 12.28 crore GST demand under audit for alleged non-payment of tax on imported services under the reverse charge mechanism.
Saloni Kumari | Mar 28, 2026 |
Orchasp Limited Faces Rs 12.28 Crore GST Demand Over Non-Payment of GST on Services Import
Orchasp Limited has made a disclosure to the stock exchange, claiming that on March 27, 2026, it received a SPOT memo through email at 15:49 hrs. The memo belongs to the GST audit for the financial years 2020-21 to 2023-24 and has been issued by the Office of the Commissioner of Goods and Services Tax (Central Tax), Hyderabad Audit, Hyderabad.
According to the disclosure, an aggregate demand amounting to Rs 12.28 crore, along with interest and penalty, has been levied on the company under Section 74 of the CGST/SGST Act 2017, read with Section 20 of the IGST Act 2017, on the grounds of non-payment of GST on the import of services under the reverse charge mechanism.
The company has clarified that the impact of the present action on its financial, operational, or other activities is limited to the extent of demand imposed. Presently, the company is looking for possible ways to rid itself of this problem and, therefore, is evaluating the spot memo and its consequences.
The aforementioned has been made to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) through a regulatory filing dated March 25, 2026, issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.
Significant Details of Spot Memo
| Particulars | Details |
| Company’s Name | Orchasp Limited |
| Issuing Authority | Assessment Unit, Income Tax Department |
| Assessment Year | 2021-22 to 2024-25 |
| Demand Raised | Rs 12.28 crore along with interest and penalty (not yet quantified) |
| Date of Receipt of Order | 27-Mar-26 |
| Impact on Financial, Operational and Other Activities | To the extent of demand imposed |
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