Legal3 April 2026 at 02:41 pm
Grindwell Norton Ltd. Receives Order from Office of Superintendent CGST and Central Excise for Excess ITC Claimed
AI Summary
Grindwell Norton Ltd. has received an order from the Office of the Superintendent CGST and Central Excise for payment of tax and penalty amounting to ₹5,36,130/- in relation to excess ITC claimed for FY 2019-20 to FY 2023-24. The company is currently evaluating all options, including filing an appeal against the order. The order is not expected to have a material impact on the financial, operational, or other activities of the company.
Key Highlights
- Grindwell Norton Ltd. received an order from the Office of the Superintendent CGST and Central Excise for payment of tax and penalty.
- The order is related to excess ITC claimed for FY 2019-20 to FY 2023-24.
- The total amount to be paid by the company is ₹5,36,130/-.
- The company is evaluating options, including filing an appeal against the order.
- There is no material impact on the financial, operational, or other activities of the company.