Graphite India Receives ₹75.1L GST Demand Order

Authority Details

• Name of Authority: Additional Commissioner (Appeals), State Tax, LTU
• Order Reference: ZD190726031936W
• Date of Order: July 20, 2026
• Date of Receipt: July 20, 2026

Order Details

• Order passed under Section 73 of the CGST/WBGST Act, 2017
• Nature of Contravention: Excess availment of Input Tax Credit
• The appeal has been partially allowed and order modified

Financial Impact Breakdown

• Tax Demand (IGST+CGST+SGST): ₹35,98,869
• Interest Demand (IGST+CGST+SGST): ₹35,52,232
• Penalty Demand (IGST+CGST+SGST): ₹3,59,886
• Total Demand: ₹75,10,987

Company's Position and Impact Assessment

Based on the prevailing law and judgement of various courts, the Company understands that it has availed only eligible ITC based on valid documents in its possession. There is no material impact of such demand on the Company's financials.

Next Steps

The Company is reviewing the order and shall prefer an appeal with appropriate authority against this order.