Details of Order Received
- Authority: Assistant Commissioner, CGST, Division-VII, Ahmedabad North
- Nature of Order: Demand order confirming tax, interest, and penalty under section 74(1) of the CGST Act 2017
- Date of Receipt: October 8, 2026
- Financial Year: 2020-21
Financial Details of Demand
- Total Demand Amount: ₹1,18,38,402/- (₹1.18 crore)
- Tax Component: ₹59,19,201/-
- Interest Component: Under section 50(3) - yet to be quantified
- Penalty Component: ₹59,19,201/-
Nature of Violation
Alleged excess availment and utilization of Input Tax Credit during financial year 2020-21.
Company's Response
The company disputes and contests the said order in its entirety and intends to file an appeal before the appropriate appellate authority in accordance with applicable provisions of law.
Financial Impact
As per the disclosure: "There is no financial impact on the Company arising from this matter."