Clarification6 Jun 2026, 11:30 am
Hindustan Tin Works: GST Order Dropped, No Financial Impact
AI Summary
Hindustan Tin Works Ltd has received an order from the Proper Officer (GST) cum ETO, Ward - 5 (Sonipat) regarding a Show Cause Notice (SCN) issued under Section 74 of the HGST Act, 2017 for the period April 2020 to March 2021. The SCN had proposed GST of Rs. 2,09,16,858/- along with interest and penalty totaling Rs. 6,47,23,062/-. However, the company has now received a dropping order from the authority dated June 5, 2026. Consequently, there is no impact on the company's operations or financial activities.
Key Highlights
- GST order issued by Proper Officer (Sonipat) has been dropped.
- Original SCN proposed GST, interest, and penalty of Rs. 6.47 Cr.
- The dropping of the order has no financial or operational impact.
- The SCN was for the period April 2020 to March 2021.
Price Impact
More from HINDTIN