Vakrangee Limited received a GST demand order of ₹25,17,600 from the Assistant Commissioner of CGST & Central Excise, Mumbai, dated March 30, 2026.
The demand pertains to disallowance of Input Tax Credit under Section 122(1)(ii) of CGST Act, 2017, split equally as CGST ₹12,58,800 and SGST ₹12,58,800.
The company stated no material financial impact and intends to file an appeal against the order, considering the demand not maintainable.