Legal11 Mar 2026, 01:16 pm
Nelco Ltd Receives Order Confirming GST Liability Demand of Rs. 1,414 Lakhs
AI Summary
Nelco Ltd has received an Order from the Office of the Commissioner of CGST & C.Ex on 10th March 2026 at 06:00 p.m., confirming the demand raised by the Joint Commissioner of CGST & C.Ex towards GST liability based on the reverse charge mechanism for the period from 15th April 2019 to 31st March 2022. The demand amounts to Rs. 1,414 Lakhs, including penalty. The Company plans to pursue an appeal or evaluate other legal options against the Order.
Key Highlights
- Nelco Ltd has received an Order from the Office of the Commissioner of CGST & C.Ex on 10th March 2026
- The Order confirms the demand of Rs. 1,414 Lakhs for GST liability based on the reverse charge mechanism
- The period for which the demand is raised is from 15th April 2019 to 31st March 2022
- The Company plans to pursue an appeal or evaluate other legal options against the Order
- No financial implications or aberrations/non-compliances identified at this stage