Amal Ltd | Annual Report 2023-24 Service Tax, Duty of Customs, Duty of Excise, Value Added Tax, Cess and other material statutory dues applicable to it to the appropriate authorities have been regularly deposited by it with the appropriate authorities in all cases during the year. There were no undisputed amounts payable in respect of Goods and Service Tax, Provident Fund payable, Employees’ State Insurance, Income-tax, Sales Tax, Service Tax, Duty of Customs, Duty of Excise, Value Added Tax, Cess and other material statutory dues in arrears as at March 31, 2024 for a period of more than six months from the date they became payable. (b) There are no disputed dues of Incometax and Goods and Services Tax which have not been deposited as on March 31, 2024. Details of dues of Sales tax which have not been deposited as on March 31, 2024 on account of disputes are given below: Name of Statute Nature of Dues Forum where Dispute is Pending Period to which the Amount Relates Amount (` In lakh) The Gujarat Sales Tax Act, 1969 Sales tax (including interest and penalty) High Court of Gujarat 1999-00 10.39 The Gujarat Sales Tax Act, 1969 Sales tax (including interest and penalty) Joint Commissioner, Surat 2001-02 to 2003-04 52.47 (viii) There were no transactions relating to previously unrecorded income that were surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 (43 of 1961) during the year. (ix) (a) In our opinion, the Company has not defaulted in the repayment of loans or other borrowings, or in the payment of interest thereon to any lender during the year. (b) The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority. (c) The Company has not taken any term loan during the year and there are no unutilised term loans at the beginning of the year and hence, reporting under clause (ix)(c) of the Order is not applicable. (d) Clause (ix)(d) is not applicable since the Company has not taken funds on short term basis. (e) On an overall examination of the financial statements of the Company, the Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries, associates or joint ventures. (f) The Company has not raised loans during the year on the pledge of securities held in its subsidiaries or joint ventures or associate companies. (x) (a) The Company has not, raised money’s by way of initial public offer or further public offer (including debt instruments) during the year and hence reporting under clause (x)(a) of the Order is not applicable. (b) During the year the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully or partly or optionally) and hence reporting under clause (x)(b) of the Order is not applicable to the Company. (xi) (a) To the best of our knowledge, no fraud by the Company and no material fraud on the Company has been noticed or reported during the year. (b) To the best of our knowledge, no report under sub-section (12) of section 143 of the Companies Act has been filed in Form ADT-4 as prescribed
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