Background and Previous Disclosure
Reference is made to the company's earlier intimation dated February 05, 2025, where Uno Minda Limited had informed exchanges about receiving an order from the Office of Commissioner of Goods and Services Tax, Faridabad. The order pertained to:
- Non-payment of GST on reimbursement of expenses to foreign entities
- Import of services on Technical/Business Support services
- Corporate/Bank Guarantees for foreign entities
The initial penalty order demanded payment of ₹1,71,52,785 (approximately ₹1.72 crore) plus applicable interest.
Current Development: Appeal Outcome
The company filed appeals against the penalty order on May 02, 2025 and May 03, 2025.
The appellate authority has remanded back the appeal applications to the original authority that passed the initial penalty order. The remand order directs re-determination of:
- The amount of tax
- Applicable interest
- Penalty amount
Timing of Order Receipt
The company received the appellate order on July 13, 2026 at approximately 09:53 AM IST.
Financial and Operational Impact Assessment
The company explicitly states that it "does not foresee any material impact on its financial or operational or other activities" from this development.