BSECompany Update30 Sept 2026 · 30 Sept 2026, 04:40 pm
Enclosed is the intimation for conclusion of GST proceedings.
Clean Science and Technology Ltd · 543318
✦ AI SummaryRegulatory
Clean Science and Technology Ltd has concluded GST proceedings initiated by the Maharashtra Goods and Services Tax Department, with a determined GST liability of ₹9.9 crore and interest and non-creditable tax liabilities aggregating to ₹2.0 crore. The Company has decided to discharge and settle the outstanding liability.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Clean Science and Technology Ltd - 543318 - Disclosure Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Search And Seizure Proceedings By Goods And Services Tax (GST) Department
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30th September, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze JeeJeebhoy Towers, Exchange Plaza, Plot no. C/1,
Dalal Street, G Block, Bandra-Kurla Complex
Fort, Mumbai – 400 001 Bandra (E), Mumbai - 400 051
Scrip Code: 543318 Trading Symbol: CLEAN
Subject: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 – Search and Seizure proceedings by Goods and Services Tax (GST) Department.
Dear Sir/Madam,
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI LODR Regulations”), and further to our earlier intimation dated 23rd
September, 2026, we hereby inform you that, the Search and Seizure proceedings initiated by the Maharashtra
Goods and Services Tax Department (“Department”) on 23rd September, 2026 at the premises of the Company
and its wholly-owned subsidiary have been concluded on 29th September, 2026.
Further, pursuant to the conclusion of the proceedings, the Department has determined a GST liability of ₹9.9
crore under the Reverse Charge Mechanism (RCM). The Company is eligible to avail the entire amount of such
GST liability as an Input Tax Credit, subject to the applicable provisions of law. In addition, the Department has
determined interest and certain non-creditable tax liabilities aggregating to ₹2.0 crore. The Company has duly
considered the matter and has decided to discharge and settle the aforesaid outstanding liability. Accordingly,
the aggregate amount of ₹2.0 crore towards interest and non-creditable tax liabilities represents the net
financial impact/cost to the Company arising from the proceedings.
We would also like to reiterate our Stakeholders that, above said proceedings have not caused any disruption
to the Company’s business operations. The Company’s manufacturing and other operations have continued in
the normal course, with the financial impact remaining negligible, as stated above. The Company continues to
remain steadfast in its commitment to the highest standards of compliance, corporate governance and
regulatory discipline. The Company has extended, and will continue to extend, its full and proactive co-operation
to the concerned authorities and provide all necessary assistance and information as may be required, from time
to time.
The details of the above as required under Clause 19 of Para A of Part A of Schedule III of the Listings Regulations
read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are
enclosed as an Annexure A.
This intimation is also being made available on the Company’s website at https://cleanscience.co.in/
Kindly take the above information on record.
For Clean Science and Technology Limited
Ruchita Vij
Company Secretary and Compliance officer
ANNEXURE A
DETAILS UNDER REGULATION 30 OF THE LISTING REGULATIONS READ WITH SEBI MASTER CIRCULAR NO.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 DATED JANUARY 30, 2026
Sr. Particulars Details/Information
1 Name of the Authority Goods and Services Tax Department, State of
Maharashtra.
2 Nature and details of the action(s) taken, The Search and Seizure proceeding u/s 67 of the
initiated or order(s) passed Maharashtra Goods and Services Tax Act, 2017
was initiated at Registered Office and
manufacturing units of the Company and its
wholly owned subsidiary company, situated in
the State of Maharashtra.
3 Date of receipt of direction or order, including any The Search and Seizure initiated on
ad-interim or interim orders, or any other Wednesday, 23rd September 2026 concluded
communication from the authority. on Tuesday, 29th September, 2026.
4 Details of the violation(s)/contravention(s) The Department has determined a GST liability
committed or alleged to be committed of Rs. 9.9 crore under the Reverse Charge
Mechanism (RCM). The Company is eligible to
avail the entire amount as input tax credit,
subject to the applicable provisions of law.
5 Impact on financial, operation or other activities The Department has determined interest and
of the listed entity, quantifiable in monetary certain non-creditable tax liabilities aggregating
terms to the extent possible. to Rs. 2.0 crore. The Company has decided to
pay and settle this outstanding liability.
Apart from above there is no material/
significant impact on the financials, business
operations or any other activities of the
Company due to the aforesaid Search and
Seizure proceedings.