Tax & Penalty23 Jul 2026, 07:10 pm
Delta Manufacturing Receives ₹5.94 Lakh GST Demand
AI Summary
Delta Manufacturing Ltd has received a demand for recovery of GST and interest totaling ₹5,94,081.56 from the Maharashtra Industrial Development Corporation (MIDC). The demand pertains to past periods from July 1, 2017, to September 4, 2022. MIDC stated that they had paid the GST and interest on various services but did not collect it from Delta Manufacturing. The company is currently examining the demand and will submit a reply within the prescribed timelines, based on consultant advice. The quantifiable financial impact is limited to the demanded amount.
Key Highlights
- MIDC demands ₹5.94 Lakhs in GST and interest from Delta Manufacturing.
- Demand covers GST for services rendered between July 2017 and September 2022.
- Company is reviewing the demand with consultants.
- Financial impact is limited to the demanded amount.
Price Impact
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