Key Quantitative Figures
The GST order confirms a demand of:
- Tax: ₹1,34,92,864
- Plus interest
- Plus equal penalty under both the Central GST Act, 2017 and the Gujarat GST Act, 2017
Parties Involved
- Issuing Authority: Office of the Commissioner (Appeals), Central GST, Appeal Commissionerate-Ahmedabad
- Recipient: Parmeshwar Metal Limited
Details of Violation
The order pertains to alleged "inadmissible / fraudulent ITC received" under the GST framework.
Financial Impact Assessment
The company has stated:
- "The Company does not foresee any material impact on financial or operational or other activities of the Company"
- No quantifiable monetary impact disclosed beyond the demanded amount
Company Response and Action Plan
The company is:
- "Taking appropriate steps to file appeal before the Appellate Tribunal against the Order issued"
- Of the view that "the demand confirmed in the Order is without merits and are expected to be set aside during the appellate proceedings"