Blue Star has informed that the Company has received an Order dated December 21, 2023 at 08:10 pm from Assistant Commissioner of State Tax, Gujarat under Section 73 of Central Goods and Service Tax Act/Gujarat Goods and Service Tax Act for Tax liability amounting to Rs 2,99,552, Interest of Rs 2,80,940 and a penalty of Rs 29,954 aggregating to a demand of Rs 6,10,446. The said demand pertains to GST Audit conducted by Gujarat state GST Department for the period 2017 - 2018. Based on our assessment, we believe that the aforementioned demand is not maintainable and the Company is in the process of preferring an appeal against the said Order. The said Order has no material impact on the financials, operations or other activities of the Company. The detailed disclosure with respect to the Order as required under the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed herewith as ‘Annexure -I’. The aforesaid information is also being placed on the website of the Company at www.bluestarindia.com
The above information is a part of company’s filings submitted to BSE.