Legal13 Mar 2026, 07:30 pm
Shipping Corporation of India Ltd. Faces Revised Tax Demand of INR 60,06,97,357
AI Summary
The Shipping Corporation of India Ltd. (SCI) has received an order from the Joint Commissioner of State Tax (Appeal-Vl), Mumbai, confirming a revised demand of INR 60,06,97,357, comprising a tax component of INR 29,08,88,754 along with applicable interest and penalty. The demand is mainly due to a mismatch of Input Tax Credit (ITC) with GSTR-2A. SCI is currently reviewing the order and exploring all possible options to contest the demand, believing that there is strong merit in the case.
Key Highlights
- SCI faces a revised tax demand of INR 60,06,97,357
- The demand is mainly due to a mismatch of Input Tax Credit (ITC) with GSTR-2A
- The order was issued by the Joint Commissioner of State Tax (Appeal-Vl), Mumbai
- SCI is exploring all possible options to contest the demand
- SCI believes that there is strong merit in the case