Receives GST demand order: Rs. 8,55,352 tax, Rs. 8,55,352 penalty, plus applicable interest
GST demand order received from Central GST, Ahmedabad South.
- GST tax demanded
- Rs. 8,55,352/-
- Penalty
- Rs. 8,55,352/-
- Interest
- plus applicable interest
- Alleged period
- non-payment of tax on unbilled revenue, FY 2022-23
- Issuing authority
- Central GST, Ahmedabad South
What the company has disclosed
The company has received a demand order from the Office of Superintendent, Range-IV, Division-IV, Central GST, Ahmedabad South. The order concerns non-payment of tax on unbilled revenue during the financial year 2022-23.
The numbers in the order
- Tax demanded: Rs. 8,55,352/- under section 74(9)
- Interest: applicable interest under section 50(1)
- Penalty: Rs. 8,55,352/- under section 74 of the CGST/GGST Act, 2017
The tax and the penalty are equal in amount, and interest is over and above these two.
What the company says
Based on its own assessment, the company states the demand is not maintainable. It says it is evaluating all options, including update an appeal against the demand order. The company also states it does not envisage any relevant impact on its financials, operations or other activities.
What a GST demand order means, in simple terms
A GST demand order is issued by a tax authority when it believes tax was not paid on a transaction or a revenue item, in this case unbilled revenue. Along with the tax, such an order can carry interest and a penalty.
Receiving the order does not by itself mean the amount has been accepted as payable; a company can challenge it before the appellate authority. The position stated by the company here is that it disputes the demand and may appeal.
What to watch from here
- Whether the company files an appeal against the order
- The outcome of that appeal, if shared
- Any further disclosure the company makes on this matter
Note: the figures above are the amounts as stated in the disclosure, and the company's stated view on impact is its own assessment.
Also from KEI Industries
Analyst recommends selling KEI on expected downside break of a triangle pattern, targeting 3150 with stop loss at 3730
30 Sep 2026
More numbers
- Tax demanded under the GST orderRs. 8,55,352/-
- Penalty levied under the GST orderRs. 8,55,352/-
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.