Vikran Engineering Receives ₹4.01 Lakh GST Penalty Order

Key Quantitative Figures

The company has paid a penalty of ₹ 4,01,400 levied under the order.

Dates of Action

The Show Cause Notice cum Order (Form GST DRC-01) was issued and dated 22nd August 2026. The penalty was paid on 22nd August 2026. The disclosure to the stock exchanges was made on 25th August 2026.

Parties or Entities Involved

The order was issued by the State Taxes Officer, Kashmir, Jammu and Kashmir (GST Department). The notice was addressed to Vikran Engineering Limited.

Purpose or Stated Rationale

The order was issued under Section 129(3) of the CGST Act, 2017 concerning the detention of goods found in transit without a valid E-Way Bill and a valid tax invoice for the tax period August 2026.

Financial or Operational Impact

The company explicitly states: "The Company does not foresee any material impact on its financial, or operational or other activities."

Additional Information

The order was received after business hours on Saturday, August 22, 2026, which was a non-working day for the company. The company undertook an assessment based on its Policy for Determination of Materiality of Events/Information before making this disclosure. An appeal against the order is in process with the appropriate authorities.

#Tags: #VikranEngineering #GST #SEBIDisclosure #RegulatoryCompliance #Neutral