GST orders for 2023-24: demands of Rs. 1,53,15,432 and Rs. 1,58,426; company to file appeal
Two GST orders dated 16.10.26 for year 2023-24 received from Jt.
By ScoutQuest · · 1 min read
- GST Demand 1 (total)
- Rs. 1,53,15,432
- GST Demand 2 (total)
- Rs. 1,58,426
- Demand 1 - interest and penalty
- interest Rs. 32,37,276, penalty ~Rs. 60.39 lakh
What was disclosed
The company has informed the exchanges about two orders dated 16.10.26 for the year 2023-24, received on 21-10-26 from the Jt. Commissioner (Corporate Circle), GST Deptt., Saharanpur Zone, Muzzafarnagar (UP).
- First demand: Rs. 1,53,15,432 in total, made up of tax of ~Rs. 60.39 lakh, interest of Rs. 32,37,276 and penalty of ~Rs. 60.39 lakh.
- Second demand: Rs. 1,58,426 in total, made up of tax of Rs. 61,170, interest of Rs. 36,086 and penalty of Rs. 61,170.
What each demand relates to
- The larger demand arises because input tax credit claimed on raw materials destroyed in a fire accident in the mill was not allowed.
- The smaller demand relates to GST charged on self-consumed paper and miscellaneous receipts.
What the company says it will do
- It will prefer appropriate appeal(s) against the above order/demand before the Addl. Commissioner (Appeals) within the allowed time.
- It has stated that there is no material impact on the financial, operation or other activities of the company due to the order.
How to read this
- An order under the GST Act is the tax department's claim. The company disputes it and has said it will take the appeal route.
- The update sets out both the total demand and its three components — tax, interest and penalty — so a reader can see how much of each demand is tax versus interest and penalty.
More numbers
- Total demand - order I (GST Act)Rs. 1,53,15,432/-
- Tax component - order IRs. 60,39,078/-
- Interest component - order IRs. 32,37,276/-
- Penalty component - order IRs. 60,39,078/-
- Total demand - order IIRs. 1,58,426/-
- Tax component - order IIRs. 61,170/-
- Interest component - order IIRs. 36,086/-
- Penalty component - order IIRs. 61,170/-
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