Tax & Penalty6 Oct 2026, 09:20 pm
A-One Steels Receives GST Order for ₹95.3 Lakhs Demand
AI Summary
A-One Steels India Ltd has received an order under Section 74(1) of the GST Act, 2017, from the Assistant Commissioner/Officer (ST). The order, dated September 24, 2026, and received by the company on October 6, 2026, pertains to alleged disallowance/excess claim of Input Tax Credit (ITC) and tax on corporate guarantee under GST Audit. The total demand, including tax, interest, and penalty, amounts to ₹95,30,874. The company is assessing legal grounds and plans to file an appeal within the stipulated timeline. The order does not impact the company's regular business operations.
Key Highlights
- Received GST order with a demand of ₹95,30,874.
- Order relates to alleged ITC disallowance and tax on corporate guarantee.
- Company plans to appeal the order within the stipulated timeline.
- No impact on regular business operations reported.
Price Impact
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