Technocraft Ventures Wins GST Appeal, ₹3.43 Cr Demand Set Aside
Technocraft Ventures Ltd has successfully appealed against a tax demand of ₹1,71,87,505/- (Rupees One Crore Seventy-One Lakh Eighty-Seven Thousand Five Hundred and Five only) plus an equivalent penalty of ₹1,71,87,505/-, aggregating to ₹3,43,75,010 (Rupees Three Crore Forty-Three Lakh Seventy-Five Thousand and Ten), along with applicable interest. The Additional Commissioner, Central Goods and Services Tax (Appeals), Meerut, allowed the company's appeal, overturning an order by the Assistant Commissioner, CGST, Ghaziabad. The Appellate Authority found that the department failed to prove fraud or wilful misstatement and that the proceedings were time-barred under Section 73 of the CGST Act, 2017. This ruling provides significant relief to the company regarding the disputed Input Tax Credit (ITC) claims for FY 2018-19 to 2020-21.
Key Highlights
- Technocraft Ventures wins GST appeal against ₹3.43 Cr demand and penalty.
- Appellate Authority cited lack of evidence for fraud and limitation bar.
- Ruling provides relief on disputed Input Tax Credit (ITC) claims.
- Original demand was ₹1.71 Cr tax plus ₹1.71 Cr penalty.
- Company's appeal was filed against an order dated December 10, 2025.
Price Impact
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