Legal7 Mar 2026, 05:31 pm
Rajapalayam Mills Ltd Receives Demand Order under GST for Tax Due on ITC Reversal
AI Summary
Rajapalayam Mills Ltd has received a Demand Order from the State Tax Officer (Inspection - 4), Office of the Joint Commissioner (ST) Intelligence Wing of Goods and Services Tax Department. The demand is for tax due on ITC (Input Tax Credit) reversal for commercial tax of Rs. 13.80 Crores for FY 2022-23, along with interest due. The company believes it has a good case on merits and is confident of a favourable outcome at the appellate stage.
Key Highlights
- Rajapalayam Mills Ltd received a Demand Order from the State Tax Officer
- The demand is for tax due on ITC reversal for commercial tax of Rs. 13.80 Crores for FY 2022-23
- Interest due is also part of the demand
- The company believes it has a good case on merits
- Rajapalayam Mills Ltd is confident of a favourable outcome at the appellate stage