Tax & Penalty31 Aug 2026, 05:11 pm
Kokuyo Camlin Faces ₹1.12 Cr GST Demand with Interest & Penalty
AI Summary
Kokuyo Camlin Ltd has received an order from the Assistant Commissioner of GST, Chennai, demanding ₹65,91,941 in GST, ₹39,88,757 in interest, and ₹6,59,195 in penalty, totaling ₹1,12,40,893. The company states there is no material impact on its financials or operations, as the order is appealable. Kokuyo Camlin intends to file an appeal, citing a lack of opportunity for a proper hearing. The company received the communication on August 28, 2026, after working hours and is disclosing it on the first working day, August 31, 2026.
Key Highlights
- Received GST demand order for ₹65.91 Lakhs plus interest and penalty.
- Total demand amounts to ₹1.12 Crores.
- Company claims no material financial or operational impact.
- Plans to appeal the order due to lack of proper hearing opportunity.
Price Impact
More from KOKUYOCMLN