Ethos543532Tax or GST
GST appellate order dismisses appeal; ₹13.26 lakh tax demand and ₹13.26 lakh penalty upheld
GST Appellate Authority, Noida dismissed the company's appeal for FY 2018-19 and FY 2019-20, upholding tax demand of ₹13.26 lakh, applicable interest and penalty of ₹13.26 lakh.
By ScoutQuest · · 2 min read
₹26.51 lakhAggregate exposure (tax plus penalty
Balance exposure pre-deposit, excluding interest₹25.19 lakh
Pre-deposit already paid₹1.33 lakh
- Tax demand upheld
- ₹13.26 lakh
- Penalty upheld
- ₹13.26 lakh
- Balance exposure after pre-deposit of ₹1.33 lakh
- about ₹25.19 lakh, excluding interest
GST appellate order: what happened
- The company received an order of the GST Appellate Authority, Noida under Section 107 of the CGST Act, 2017, dismissing the appeal it had shared for FY 2018-19 and FY 2019-20.
- The order upholds a demand of tax of ₹13.26 lakh with applicable interest and a penalty of ₹13.26 lakh under Section 74 of the CGST Act, 2017.
- The issue relates to input tax credit (ITC) that was disallowed because the corresponding invoices were not reflected in the suppliers' GST returns. The Appellate Authority held that the eligibility of the credit had not been established.
The numbers
- Tax demand upheld: ₹13.26 lakh
- Penalty upheld: ₹13.26 lakh
- Aggregate exposure stated: about ₹26.51 lakh, plus interest as applicable
- Pre-deposit already paid: ₹1.33 lakh
- Balance exposure after that pre-deposit: about ₹25.19 lakh, excluding interest
- Interest is yet to be quantified
The dispute period covers FY 2018-19 and FY 2019-20.
What the company says
- It believes it has a good case on merits.
- It is examining the order and proposes to file a further appeal before the competent appellate authority.
- It states the order does not have any material impact on the financial, operational or other activities of the Company.
How a retail investor might read this
- This is an update on an ongoing tax proceeding, and the outcome at this stage has gone against the company, with the demand and penalty upheld.
- The company has itself placed the aggregate exposure at about ₹26.51 lakh plus unquantified interest, and described the impact as not material; the company's own framing is therefore that this is a limited financial item.
- The matter is not closed: the company has said it is evaluating remedies, including a further appeal, so the proceeding may continue and the interest amount is still to be quantified.
Also from Ethos
National Sales Head tenders resignation; to cease with effect from close of business hours on Oct 05, 2026
5 Oct 2026
More numbers
- GST tax demand upheld₹13.26 lakh
- Penalty upheld under Section 74₹13.26 lakh
- Aggregate exposure (tax plus penalty)₹26.51 lakh
- Pre-deposit already paid₹1.33 lakh
- Balance exposure after pre-deposit, excluding interest₹25.19 lakh
Source: BSE · 15 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.