The search was conducted under Section 67 of the Maharashtra Goods and Services Tax Act, 2017, at the Company's registered office and plant locations. The proceedings commenced on August 20, 2026, and concluded on August 26, 2026.
The Company extended full cooperation to the officials during the search proceedings and provided all requisite information, documents, and clarifications sought by the Department. Business operations continued as usual throughout the proceedings.
Details of Violation
The Maharashtra GST Department has determined an amount of ₹5.55 crores (including interest and penalty) towards alleged ineligible availment of input tax credit pertaining to earlier years.
Financial and Operational Impact
The financial impact on the Company is limited to the aforementioned amount payable of ₹5.55 crores. There is no material impact on the business operations of the Company.