Tax & Penalty24 Apr 2026, 04:51 pm
Aether Industries Receives ₹4.26 Cr GST Demand Notice
AI Summary
Aether Industries Ltd. received a Demand and Show Cause Notice from the Additional Commissioner (AE), CGST & Central Excise Commissionerate, Surat, for ₹4,26,16,311 plus interest. The notice disallows tax credit availed on expenses during FY 2020-21 and FY 2021-22 related to the company's IPO. Aether Industries states that this will not have any material implication on the company's operations and will submit an appropriate response.
Key Highlights
- Aether Industries received a demand notice for ₹4.26 Cr plus interest.
- The notice relates to disallowed tax credit on IPO-related expenses.
- The demand notice was issued by CGST & Central Excise Commissionerate, Surat.
- Aether Industries claims no material impact on company operations.
- The company will submit a response to the issuing authority.
Price Impact
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