Background Context
The Company had previously communicated on May 1, 2024, about receiving two assessment orders on April 30, 2024, from the Office of the Additional Commissioner, Jaipur (GST Authority) under section 73 of the Goods and Services Act 2017. These orders related to GST input mismatch in FY 2018-19.
Original Assessment Orders Details
- First assessment order: Gross demand of ₹2.83 crore, including penalty of ₹25.68 lakh
- Second assessment order: Gross demand of ₹6.53 crore, including penalty of ₹59.37 lakh
- Total original demand: ₹9.36 crore with total penalties of ₹85.05 lakh
Current Update
The Company received two adverse appellate orders on October 28, 2026:
- First order received at 01:59 p.m.
- Second order received at 02:02 p.m.
- Issued by Office of the Commissioner (Appeals), Customs, Central Excise, Service Tax & CGST, Jaipur
- Both orders relate to FY 2018-19
- Appellate Authority upheld the original demands and rejected the Company's appeals
Management Response
Management is evaluating appropriate legal remedies available under law, including:
- Filing appeal before the appropriate appellate tribunal
- Initiating writ proceedings before the Hon'ble High Court
Financial Impact Assessment
- Financial impact, if materialized, would be limited to the extent of the demand raised and penalty levied
- Total potential financial exposure: ₹9.36 crore in demands plus ₹85.05 lakh in penalties
- No impact on operational, financial, or other activities of the Company