Astral Ltd Receives GST Order for ₹1.91 Lakhs Tax, ₹82 Lakhs Penalty

Astral Ltd has received a Demand Order under the Goods and Services Tax Act, 2017, from the Assistant Commissioner of Central Tax. The order pertains to short-payment of outward GST liability due to HSN classification, irregular availment of blocked ITC, and ineligible ITC before physical receipt of goods. The total demand includes tax of ₹1,91,873, interest of ₹1,18,487, and a penalty of ₹82,00,747. The company intends to challenge the order based on strong merits. Astral Ltd stated that there is no material impact on its financial, operational, or other activities due to this intimation.