GST Appellate Authority allows appeal, sets aside order on ITC, IGST and penalty
The GST Appellate Authority has allowed the company's appeal and set aside the GST Department's order.
- Ineligible ITC in earlier demand
- Rs. 1.33 Cr.
- IGST on ocean freight in earlier demand
- Rs. 0.33 Cr.
- Penalty in earlier demand
- Rs. 1.66 Cr.
- Outcome
- GST Appellate Authority allowed the company's appeal and set aside the GST Department's order
- Company stated impact
- no impact on financials
GST appeal decided in the company's favour
- The Gujarat Goods and Service Tax (GST) Department had passed an order under section 74(1) of the CGST Act, 2017, demanding ineligible ITC of Rs. 1.33 Cr., IGST on ocean freight of Rs. 0.33 Cr. and a penalty of Rs. 1.66 Cr., along with interest.
- The company shared an appeal against that order before the Appellate Authority.
- The Appellate Authority has allowed the company's appeal and set aside the order passed by the GST Department.
What the company says about the impact
The company states that because the order has been set aside, there is no impact on financials. The favourable order was received by the company on 3rd October, 2026 at about 04:35 P.M. (IST).
The order relates to the earlier intimation made to the stock exchanges on 20th February, 2025.
How a retail investor can read this
- A tax demand that had been raised earlier has been set aside at the appellate stage, in the company's own words.
- The amounts involved in the original demand were Rs. 1.33 Cr. of ITC, Rs. 0.33 Cr. of IGST on ocean freight and a Rs. 1.66 Cr. penalty.
- The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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More numbers
- Ineligible ITC demanded in original GST orderRs. 1.33 Cr.
- IGST on Ocean Freight demanded in original GST orderRs. 0.33 Cr.
- Penalty in original GST order1.66 Cr.
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