Brainbees Solutions, the parent company of FirstCry, has completed its four-day GST inspection that was initiated on November 6.
The company made a payment of Rs 1.74 crore, including interest due to discrepancies in GST returns—GSTR-3B and GSTR-2A—during the financial years 2018-19, 2019-20, 2020-21 and 2022-23.
Brainbees Solutions provided explanations regarding GST implications on the amount paid towards IPO expenses and fully cooperated with the officials during the inspection.
The inspection has not impacted the company's operations, and it will provide material updates to the stock exchanges if necessary.