Tax & Penalty11 Jun 2026, 04:00 pm
Delta Manufacturing GST Proceedings Dropped
AI Summary
Delta Manufacturing Ltd announced that the proceedings initiated by the Deputy Commissioner of State Tax, Ambad, under Section 61 of the CGST/SGST Act, 2017, for scrutiny of GSTR-3B returns for FY 2023-24 have been dropped. The company had previously replied to a notice regarding discrepancies, including an alleged excess availment of Input Tax Credit (ITC) of ₹1,43,455.20 and other unreconciled amounts. While the company discharged a GST liability of ₹1,43,456 and interest of ₹67,986 related to the ITC discrepancy, the overall proceedings have been concluded without further impact on the company's operations.
Key Highlights
- GST proceedings for FY 2023-24 have been dropped by tax authorities.
- Company had an alleged ITC discrepancy of ₹1,43,455.20.
- Delta Manufacturing discharged ₹1,43,456 GST and ₹67,986 interest.
- No material impact on company operations reported.
Price Impact
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