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Intellect Design Arena Faces GST Demand Order, Anticipates No Major Financial Impact

Story Highlights
  • Intellect Design Arena received a demand order and penalty for unbilled revenue reconciliation.
  • The company asserts compliance with GST laws and expects no major financial impact.
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Intellect Design Arena Faces GST Demand Order, Anticipates No Major Financial Impact

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Intellect Design Arena Ltd ( (IN:INTELLECT) ) just unveiled an announcement.

Intellect Design Arena Limited has received a demand order from the Additional Commissioner of CGST & Central Excise in Chennai, imposing a financial demand and penalty related to unbilled revenue reconciliation under the GST Act. Despite the demand, the company maintains that it has complied with GST laws and does not anticipate a significant financial impact on its operations.

More about Intellect Design Arena Ltd

Intellect Design Arena Limited operates in the financial technology sector, offering products and services that focus on digital transformation and financial management solutions for banking and insurance industries.

YTD Price Performance: -26.50%

Average Trading Volume: 59,998

Current Market Cap: 96.27B INR

Learn more about INTELLECT stock on TipRanks’ Stock Analysis page.

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