Tax & Penalty25 Sept 2026, 08:10 pm
HCL Infosystems fined ₹80.22 Lakhs in CGST Appeals Order
AI Summary
HCL Infosystems Limited has received an Order-in-Appeal from the Additional Commissioner, CGST (Appeals), Noida, dated September 15, 2026. This order partially allows a departmental appeal, imposing a penalty of ₹80.22 Lakhs on the company under Section 74(1) of the CGST Act, 2017. This penalty is related to the disallowance of CENVAT Credit availed for various Cesses in the pre-GST regime. An earlier Order-in-Original had confirmed a tax demand of ₹80.22 Lakhs but dropped interest and penalty. The company is currently evaluating the order and considering available legal remedies.
Key Highlights
- HCL Infosystems faces ₹80.22 Lakhs penalty from CGST Appeals.
- Penalty relates to disallowed CENVAT credit from pre-GST regime.
- Company is reviewing the order and legal recourse options.
- The tax demand of ₹80.22 Lakhs from the original order remains.
Price Impact
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