LG Electronics India Faces Rs. 7.98 Crore Tax Demand for Alleged Input Tax Credit Contravention

LG Electronics India Ltd. has received a demand order dated March 10, 2026, from the Joint Commissioner - Corporate Circle-2, Greater Noida, Uttar Pradesh, under Section 74 of Central Goods and Services Tax Act, 2017, and Uttar Pradesh Goods and Services Act, 2017, read with Section 20 of Integrated Goods and Services Tax Act, 2017. The order raises a tax demand amounting to Rs. 7.98 Crore, including Principal Tax, Penalty, and Interest. The demand is in relation to the alleged ineligible Input Tax Credit claimed on bus facility provided to employees for transportation. The company plans to file an appeal before the Appellate Authorities within the prescribed timelines.