Plaza Wires Ltd Receives Order from Central GST Tax Appeals Commissionerate, Chandigarh

Plaza Wires Ltd has received an order from the Commissioner (Appeals), Central GST Tax Appeals Commissionerate, Chandigarh. The order, updated on the GST Portal on 20/02/2026, upholds the violation(s)/contravention(s) and confirms a demand of Rs. 11.5 Cr (including tax demand of Rs. 5.75 Cr and penalty of Rs. 5.75 Cr) against the notice under section 74 of CGST Act, 2017 read with section 20 of the IGST Act, 2017. Additionally, a penalty of Rs. 50,000/- has been imposed on Mr. Sanjay Gupta, Managing Director of the Company. However, the company expects a favourable outcome at the Appellate level and does not anticipate any material impact on its financial, operational, or other activities due to this order.