Bhageria Industries Ltd Receives GST Demand Order of ₹ 1,05,22,565 from Palghar Commissionerate

Key Highlights

• Bhageria Industries Ltd has received a GST demand order from the Office of the Asst./ Dy. Commissioner of (CGST & Central Excise), Division-IV Palghar Commissionerate.
• The demand is for an amount of ₹ 1,05,22,565 under Section 74(9) of the CGST Act, 2017, for the period April 2019 to March 2020.
• The demand includes interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act.
• The company will be filing an appeal before the Commissioner (Appeals) against the said order.
• There is no impact on financial operations or any other activities of the Company due to this order.