Krystal Integrated Services Limited has received an order from the Good and Service Tax department - Sales Tax Officer, New Delhi. Name of the authority: Good and Service Tax department - Sales Tax Officer. Nature and details of the action(s) taken, initiated or order(s) passed:- Order has been passed for Fiscal Year 18-19 under Section 73 of Central Goods and Service Tax Act, 2017 due to following reasons: Disallowance of ITC as excess ITC claimed in returns with oppose to that reflecting in GSTR 9/2A.

Mismatch in ITC reversal ratio as per Rule 42 and 43 and Mismatch in Outward Supplies as compared to E way Bill. Consequently, it has resulted in an additional Tax liability of INR 3,052,943 along with Interest and penalty. The said order has been received on April 23, 2024.

No violation/contravention has been committed by the Company, as the Company has reversed all the ITC taken during the year. The Company is currently assessing said Order and will take appropriate steps (including appeal, if necessary) within the stipulated timeframe. The said Order does not have any material impact on financials, operation or other activities of the Company.