Tax & Penalty21 Aug 2026, 05:41 pm
Aegis Logistics fined ₹11.6 Lakhs for ITC disallowance
AI Summary
Aegis Logistics Ltd has received a Demand Order from the Deputy Commissioner of Sales Tax, Maharashtra, for March 2025 under the CGST Act 2017. The order imposes a penalty of ₹11,62,128 due to Input Tax Credit (ITC) disallowance. The company stated that there is no material impact on its financial, operational, or other activities and is taking necessary steps to appeal the order before the appropriate authority. The order was received on August 21st, 2026.
Key Highlights
- Aegis Logistics faces ₹11.6 Lakhs penalty for ITC disallowance.
- Company received a Demand Order from Deputy Commissioner of Sales Tax.
- No material impact on financials or operations expected.
- Aegis Logistics plans to appeal the order.
- Penalty relates to March 2025 period under CGST Act.
Price Impact
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