The disclosure follows an earlier communication to the Metropolitan Stock Exchange of India Limited (MSE) dated November 23, 2024.
Nature of the Event
The company received a favorable Order-in-Appeal under Section 107(11) of the CGST Act against an Order-in-Original (OIO) pertaining to alleged non-payment of GST under Reverse Charge Mechanism (RCM) on ocean freight.
Details of the Order
- Order Reference: Order In Appeal (OIA): 239/2026-27
- Authority: Office of the Commissioner of Central Tax, Appeals-I, Commissionerate, Traffic and Transit Management Centre, BMTC Building, No.9, 5th floor, Domlur, Bengaluru-560071
- Original Demand Period: July 2017 to March 2020
- Original Tax Demand Amount: ₹1,19,167
- Original Penalty Amount: ₹1,19,167 (equal to the tax demand)
- Original Order Reference: Order-in-Original No. 202/2024-25 dated November 19, 2024, issued under Section 74 of the CGST Act
Outcome of Appeal
The Appellate Authority granted substantial relief by:
- Setting aside and annulling the entire Order-in-Original
- Allowing the appeal in favor of the appellant (the company)
- Quashing the impugned order
- Dropping all proceedings
Date of Receipt
The intimation was received by the Company Secretary on Wednesday, August 19, 2026, at 17:10 hrs (IST).
Financial Impact
The demand for tax amounting to ₹1,19,167, together with applicable interest and penalty of ₹1,19,167, has been completely set aside by the Appellate Authority. The company confirms there is no financial impact as the proceedings have been dropped.