Legal2 April 2026 at 07:24 am
Shilchar Technologies Ltd Receives GST Demand Order of INR 3,21,20,305 from Joint Commissioner of Central Tax, CGST and Central Excise, Vadodara-I
AI Summary
Shilchar Technologies Ltd has received a demand order under Section 74 of the CGST Act, 2017 from the Joint Commissioner, Vadodara-I. The demand is for INR 3,21,20,305 along with interest and penalty. The demand arose from audit observations relating to classification, reconciliation of GST returns, reconciliation with financial statements, and certain procedural aspects. The company believes it has a strong case on merits and does not expect any material impact on its financial position. The company is in the process to challenge the said Order before the First Appellate Authority.
Key Highlights
- Shilchar Technologies Ltd received a GST demand order of INR 3,21,20,305 from the Joint Commissioner of Central Tax, CGST and Central Excise, Vadodara-I
- The demand arose from audit observations relating to classification, reconciliation of GST returns, reconciliation with financial statements, and certain procedural aspects
- The company has already paid Tax of Rs. 1,95,851/- together with interest of Rs. 1,77,297/- and a Penalty of Rs. 50,000/-
- The company believes it has a strong case on merits and does not expect any material impact on its financial position
- The company is in the process to challenge the said Order before the First Appellate Authority