Belrise Industries Receives GST Order for ₹1.51 Lakhs

Belrise Industries Ltd has received an order from the Goods and Services Tax - Assistant Commissioner (ST), Oragadam Assessment Circle, Tamil Nadu. The order, dated October 29, 2026, pertains to FY 2023-24 and confirms a demand of ₹18,626 towards tax, ₹1,12,400 towards interest, and ₹20,000 towards penalty, aggregating to ₹1,51,026. The demand arises from alleged ineligible Input Tax Credit (ITC) availment, including on purchases from a supplier whose registration was cancelled. The company states there is no material impact on its operations and is evaluating legal remedies, including filing an appeal.