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FirstCry parent Brainbees Solutions completes GST inspection

  • 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.

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