Chronological Sequence of Events
- January 2, 2024: Company received initial order u/s 73 of TNGST Act from office of Additional Commissioner, Tamil Nadu for financial years 2018-2020
- Subsequently: Company filed appeal before Commissioner (Appeals)
- August 3, 2026 at 6:22 p.m. IST: Received order from Commissioner (Appeals-I) Tamil Nadu
Order Details
Authority: Commissioner (Appeals-I) Tamil Nadu
Outcome: Appeal petition partially allowed in favor of the Company and partially upholds the tax demand
Applicable Period: Financial years 2018 to 2020
Reasons for Demand
The demand arises due to the following reasons:
1. Mismatch in ITC claimed in GSTR-3B and GSTR-2A
2. Reversal of Input tax credit as per GST Law
3. GST liability paid under wrong sub-head of tax
4. Difference in GST Liability as per filed GSTR-1 and GSTR-9
5. Non-payment of GST on supply of life insurance made to SEZ under Letter of Undertaking
Financial Implications
Quantified Amounts:
- GST: ₹48,842,982
- Interest: Not quantified in the Order
- Penalty: ₹4,884,298
- Total: ₹53,727,280
Current Impact: No impact at this stage
Company Action
The Company shall file an appeal against the said order before appropriate authority.
Certification
The company states that the information provided is true, correct and complete to the best of their knowledge and belief.
Distribution
Copy marked to: Axis Trustee Services Limited