Order Details
- Authority: Assistant Commissioner (ST), Oragadam Assessment Circle, Commercial Taxes Department, Tamil Nadu
- Order Number: ZD331026224227T
- Date of Receipt: October 29, 2026
- Legal Basis: Order passed under Section 73 of the TNGST/CGST Act, 2017 for Financial Year 2023-24
- Nature of Proceedings: Audit/scrutiny proceedings resulting in demand confirmation through DRC-07
Violations Alleged
The order addresses alleged violations including:
- Ineligible availment of Input Tax Credit relating to specified expenses under Section 17(5) of the GST Act
- Input Tax Credit availed on purchases from a supplier whose registration was cancelled
Financial Impact
The authority confirmed the following monetary demands:
- Tax demand: ₹18,626
- Interest: ₹1,12,400
- Penalty: ₹20,000
- Total aggregate demand: ₹1,51,026
The company explicitly states that "there is no material impact on the operations or business activities of the Company" from this order.
Company Response
Belrise Industries is evaluating appropriate legal remedies, including filing an appeal against the order. The disclosure has been made available on the Company's website under the 'Investor Relations' tab at https://belriseindustries.com.