Legal3 April 2026 at 05:11 pm
Uno Minda Ltd Faces Penalty Order for Excess Claim of Input Tax Credit
AI Summary
Uno Minda Limited has received an order from ETO-cum-Proper Officer (GST), Ward 11, Gurugram (West), Haryana, India regarding excess claim of Input Tax Credit for the tax period 2019-20. The Company has been directed to pay the amount of Rs. 16,09,621 as tax, Rs. 16,09,621 as penalty, and Rs. 18,69,365 as interest. The order was received on April 03, 2026. The Company intends to contest against the said order and does not anticipate any material impact on its financial, operational, or other activities.
Key Highlights
- Uno Minda Ltd has received a penalty order for excess claim of Input Tax Credit
- The Company has been directed to pay tax, penalty, and interest amounting to approximately Rs. 51 lakhs
- The order was received on April 03, 2026
- The Company plans to contest the order
- Uno Minda Ltd does not anticipate any material impact on its financial, operational, or other activities