StockWatch
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Commodity Chemicals
Tax & Penalty10 Oct 2026, 10:10 pm

India Glycols Penalized ₹6.22 Lakhs for GST E-way Bill Oversight

AI Summary

India Glycols Ltd has received an order from the State Tax Officer, SGST Department, Uttarakhand, levying a penalty of ₹6,22,080 (Rupees Six Lakhs Twenty-Two Thousand Eighty) under the GST Act, 2017. The penalty was imposed because the transporter failed to update Part-B details in the E-way bill for one out of three invoices for goods being transported to a customer. Despite the E-invoice being available and no discrepancy in goods quantity or description, the penalty was levied. The company has deposited the penalty amount to release the vehicle and intends to file an appeal against the order, expressing confidence in challenging it successfully.

Key Highlights

  • Company fined ₹6.22 Lakhs by GST authorities.
  • Penalty due to transporter's E-way bill oversight.
  • Company plans to appeal the penalty order.
  • Penalty deposited to release goods vehicle.