GST order received: penalty of Rs.10.71 lakh imposed by State Tax Officer, Rudrapur

TVS Srichakra Ltd has informed the exchanges that it received an order on 5th October, 2026 from the Office of the State Tax Officer, Rudrapur, Uttarakhand.

Tue 6 Oct 2026

Penalty Imposed

Rs.10.71 lakh

Order Date

5th October, 2026

Issuing Authority

Office of the State Tax Officer, Rudrapur, Uttarakhand

What the company informed the exchanges

TVS Srichakra Ltd has informed the stock exchanges that it received an order on 5th October, 2026 from the Office of the State Tax Officer, Rudrapur, Uttarakhand. The order was received at 8:47 P.M. on that date.

What the order is about

• The order comes from the State GST Department and relates to the detention of a vehicle transporting goods.
• The proceedings were initiated on the ground that the e-Way Bill generated for the consignment by the supplier was subsequently rejected/cancelled by the recipient due to an inadvertent error.
• Because of this, the goods were moving without a valid e-Way Bill at the time of inspection.
• The Department found that the goods were transported without a valid e-Way Bill at the time of interception and treated the accompanying documents as non-compliant with the applicable GST provisions governing movement of goods. A penalty was imposed on the company.

The amount involved

A penalty of Rs.10.71 lakh has been imposed by the Department.

What the company says it will do next

• The company is evaluating appropriate legal remedies, including update an appeal before the competent appellate authority.
• The company does not expect any material impact on its operations arising from the said order.

How a retail investor might read this

This is a compliance-related update about a GST penalty, not an announcement of new business or an order for goods. The stated financial amount is a penalty of Rs.10.71 lakh, and the company has said it is looking at legal remedies including an appeal. Investors may watch for further disclosures on the outcome of any appeal.

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