Regulatory Authority and Action
- Authority: Deputy Commissioner (Appeals), Punjab
- Nature of Action: Dismissal of appeal filed against demand order passed by State Tax Officer, Mohali, Punjab
- Order Receipt Date: November 12, 2026
Financial Details of Tax Demand
The upheld tax demand comprises:
- Tax Demand: ₹46,12,542/- (₹46.12 lakh)
- Interest: ₹47,47,253/- (₹47.47 lakh)
- Penalty: ₹4,61,255/- (₹4.61 lakh)
- Total Monetary Impact: ₹98,21,050/- (₹98.21 lakh)
Alleged Violations
The authority alleged violations related to:
- Non-payment of tax liability
- Non-reversal of Input Tax Credit (ITC)
Financial Impact Assessment
The company states that "the order has no major financial impact on the Company." The disclosure notes that "the Authority has not considered the facts and averments submitted."
Next Steps
Based on the merits of the case, the company intends to pursue:
1. Rectification application before First Appellate Authority
2. Appeal before GST Appellate Tribunal
These actions will be filed within the prescribed time as per provisions of the CGST Act, 2017.
Filing Details
- Filing Date: November 13, 2026
- Regulatory Reference: SEBI LODR Regulation 30