Details of Regulatory Order
Authority: Commercial Tax Officer, Group-IX, Intelligence-I, Chennai, Tamil Nadu - 600006
Date of Receipt: May 25, 2026
Order Details: The authority confirmed a demand on "ITC wrongly adjusted against the tax liability for the 5% Turnover tax" amounting to ₹33,30,988. The order also levies interest of ₹18,57,870 and a penalty of ₹3,33,098. The penalty is levied under Section 73 of the CGST Act 2017.
Total Monetary Demand: ₹55,21,956 (₹33,30,988 + ₹18,57,870 + ₹3,33,098)
Company's Response and Impact Assessment
The company states it is taking necessary steps to appeal against the order before the appropriate authority and believes it has a good case on merits.
As per the disclosure, the company assesses that "There is no material financial or operational impact on the entity."