Legal1 April 2026 at 10:46 am
Moil Ltd Receives Order from Joint Commissioner of State Tax for Alleged GSTR-1, GSTR-3B, and E-way Bill Mismatches
AI Summary
Moil Ltd has received an order from the Joint Commissioner of State Tax, Chhindwara Division, Jabalpur Zone, Madhya Pradesh, regarding alleged mismatches between GSTR-1, GSTR-3B, and E-way Bill data, as well as Input Tax Credit (ITC) related issues for the financial year 2022-2023. The total demand includes IGST of Rs. 1,16,07,551/- and penalty of Rs. 11,60,755/-. The Company is examining the order and will take appropriate legal steps, including filing an appeal if necessary. This order does not have any immediate operational impact.
Key Highlights
- Moil Ltd received an order from the Joint Commissioner of State Tax for alleged GSTR-1, GSTR-3B, and E-way Bill mismatches and Input Tax Credit issues.
- The total demand includes IGST of Rs. 1,16,07,551/- and penalty of Rs. 11,60,755/-.
- The discrepancies primarily arise due to stock transfers, inter-unit transfers, capitalization of capital goods, and timing differences.
- The Company is examining the order and will take appropriate legal steps, including filing an appeal if necessary.
- This order does not have any immediate operational impact.
MOILIndustrial Minerals
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