Shree Renuka Sugars GST Penalty Order ₹3.2 Cr

Shree Renuka Sugars received a GST penalty order of ₹3,20,68,779 from Assistant Commissioner of State Tax Unit-103, Gandhidham.
Penalty imposed under Section 74 of CGST Act, 2017 for alleged wrongful availment of Input Tax Credit (ITC).
Company plans to appeal the order and states no material financial or operational impact beyond the penalty amount.