Tax & Penalty5 Jun 2026, 05:51 pm
Powerica Ltd Receives GST Demand Notice from MIDC for ₹5.67 Lakhs
AI Summary
Powerica Ltd has announced receiving a Demand Notice from the Maharashtra Industrial Development Corporation (MIDC) for the recovery of Goods and Services Tax (GST) for a past period. The notice pertains to the financial year 2026-27 and demands an amount of Rs. 5,67,694.87 along with interest. The company has stated that there is no material impact on its financials, operations, or other activities due to this notice. Powerica Ltd is currently evaluating its course of action in response to the demand.
Key Highlights
- Received GST demand notice from MIDC for Rs. 5,67,694.87.
- Notice relates to recovery of GST for the past period.
- Company expects no material financial or operational impact.
- Powerica Ltd is assessing its response to the notice.
Price Impact
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