Review orders from Pune VAT authority; net demand of Rs. 1,13,72,385/-

Review orders received from Joint Commissioner of State Tax- Pune VAT over CST declaration forms for FY 2015-16, 2016-17 & 2017-18.

Thu 24 Sep 2026

Net Tax Demand

Rs. 1,13,72,385/-

Tax Component

Rs. 27,95,784/-

Penalty

Rs. 27,95,784/-

Interest

Rs. 59,55,156/-

Period Covered

FY 2015-16, 2016-17 & 2017-18

What happened

Uno Minda disclosed Review orders passed by the Joint Commissioner of State Tax- Pune VAT, received on September 24, 2026.

The matter relates to non-submission or short submission of declaration forms under the CST Act, 1956 (Central Sales Tax) for the Financial Years 2015-16, 2016-17 and 2017-18. Such forms are the proof buyers give sellers to claim concessional inter-state sales tax rates; when they are missing, the tax authority raises a demand.

The demand

• Tax: Rs. 27,95,784/-
• Penalty: Rs. 27,95,784/-
• Interest: Rs. 59,55,156/-
• Less, already paid: Rs. 1,74,339/-
• Net Demand: Rs. 1,13,72,385/-

Company's stand

The company intends to contest the said order based on merits and states it does not foresee any material impact on its financial, operational or other activities.

What investors may note

This is a routine tax disclosure of an indirect-tax demand for past years, and the amount is small in absolute terms. The final outcome will depend on the appellate process.

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