Aditya Birla Group firm Grasim Industries Ltd on Tuesday (January 28) disclosed that the state tax officer under the Office of the Joint Commissioner (State Tax – Intelligence), Salem, conducted an inspection at its cellulosic fashion yarn business marketing office and depot in Salem, Tamil Nadu, on January 22, 2025.
“This is to inform that the State Tax Officer, Inspection Cell 4, Office of Joint Commissioner, (State Tax) (Intelligence) Salem (GST officer), conducted an inspection at the marketing office and the depot of our Cellulosic Fashion Yarn Business located at Salem (Tamil Nadu) on 22nd January 2025,” Grasim Industries said in a regulatory filing.
Following the inspection, an order was passed on January 25, 2025, under Section 67 of the Tamil Nadu Goods and Services Tax Act, 2017, resulting in the seizure of certain depot records. The action was reportedly linked to alleged discrepancies between records available on the GST portal and those furnished by the company.
“Subsequently, GST officer passed an order dated 25th January 2025 under Section 67 of Tamil Nadu Goods and Services Tax Act, 2017 and seized depot records,” it said.
Grasim Industries confirmed that the matter does not have a material impact on its financials, operations, or other activities. The company stated that the delay in disclosure was unintentional and the issue was reported promptly once it came to the attention of the appropriate executives.
