Tax & Penalty9 Oct 2026, 05:51 pm
Deepak Builders fined ₹5.01 Lakhs by CGST Appeals
AI Summary
Deepak Builders and Engineers India Ltd has disclosed an order from the Office of the Additional Commissioner CGST Appeals II, Delhi. The order, dated September 30, 2026, imposes a tax demand of ₹2,50,848/- and a penalty of ₹2,50,848/-, along with applicable interest. The company received the order on October 9, 2026. Deepak Builders stated that there is no material impact on its financial or operational activities, except for the penalty amount. The company intends to pursue all available legal remedies to challenge the tax demand and related proceedings.
Key Highlights
- CGST Appeals imposes tax and penalty on Deepak Builders.
- Total demand and penalty amount to ₹5,01,696/-.
- Company received the order on October 9, 2026.
- No material financial or operational impact expected.
- Company plans to challenge the order legally.
Price Impact
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