Tax & Penalty15 Oct 2026, 05:50 pm
Afcons Infrastructure Ltd: GST Demand Confirmed at ₹38.82 Cr
AI Summary
Afcons Infrastructure Ltd has received an order from the Commissioner (Appeals Thane), CGST & Central Excise, confirming a total tax demand, interest, and penalty of ₹38.82 crore for the period July 2017 to March 2019. This order follows previous intimations regarding a GST Order received on January 27, 2025. The company states that this confirmed demand is not expected to materially impact its financials or operations. Afcons Infrastructure Ltd intends to challenge this order by filing an appeal before the GST Appellate Tribunal (GSTAT).
Key Highlights
- GST demand of ₹38.82 crore confirmed by appellate authority.
- Order pertains to FY 2017-18 to FY 2018-19 (July 2017-March 2019).
- Company believes no material adverse financial impact.
- Afcons plans to appeal the order at the GST Appellate Tribunal.
Price Impact
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