Tax & Penalty15 May 2026, 07:31 pm
Endurance Tech: GST Demand Reduced to ₹32.49 Lakh
AI Summary
Endurance Technologies Ltd. received a fresh demand order regarding GST for FY 2021-22 from the Deputy Commissioner, Rudrapur–I, Uttarakhand. The initial demand of ₹12.39 crore, which included disputed tax and penalty, was previously quashed by the Hon’ble High Court of Uttarakhand and remanded for reassessment. The new order confirms a demand of ₹32.49 lakh, dropping the remaining ₹12.07 crore. The company is planning to appeal the fresh order, citing that the authority did not consider all supporting documents.
Key Highlights
- GST demand for FY 2021-22 reduced from ₹12.39 crore to ₹32.49 lakh.
- The demand pertains to non-confirmation of ITC reversal by customers.
- Endurance Technologies plans to appeal the fresh demand order.
- Confirmed demand includes ₹17.72 lakh tax, ₹12.80 lakh interest, and ₹1.97 lakh penalty.
- The company states that there is no material impact on financials or operations.
Price Impact
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