Tax & Penalty26 Oct 2026, 04:50 pm
Supertex Industries Receives GST Order for ₹18.4 Cr Demand
AI Summary
Supertex Industries Ltd has received an order from the Additional Commissioner, Central GST & Central Excise Commissionerate, Surat. The order confirms a demand of ₹9,20,07,065/- (approximately ₹9.20 Crore) plus interest and a penalty of ₹9,20,07,065/- (approximately ₹9.20 Crore), totaling around ₹18.40 Crore. The company is currently reviewing the order and intends to contest the demands. The alleged violation pertains to the availment of ineligible Input Tax Credit (ITC).
Key Highlights
- GST authority issued order confirming demand and penalty.
- Total demand and penalty amount to ₹18.40 Crore.
- Company plans to contest the order.
- Allegation is related to ineligible Input Tax Credit (ITC).
Price Impact
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