Tax & Penalty1 Oct 2026, 05:40 pm
KEI Industries Receives ₹17.1 Lakh GST Demand Order
AI Summary
KEI Industries Ltd has received a GST demand order from the Central GST, Ahmedabad South office for ₹8,55,352/- along with applicable interest and a penalty of ₹8,55,352/-. The demand is related to the non-payment of tax on unbilled revenue during FY 2022-23. The total demand, including penalty and interest, amounts to ₹17,10,704/-. The company believes the demand is not maintainable and is evaluating options, including filing an appeal. KEI Industries does not foresee any significant impact on its financials or operations.
Key Highlights
- Received GST demand order for ₹8.55 Lakhs plus penalty and interest.
- Demand pertains to unbilled revenue for FY 2022-23.
- Total demand including penalty and interest is ₹17.1 Lakhs.
- Company considers demand not maintainable and plans to appeal.
- No significant financial or operational impact anticipated.
Price Impact
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