Tax & Penalty21 Aug 2026, 04:16 pm
Trualt Bioenergy Receives ₹6.6 Cr GST Demand Order
AI Summary
Trualt Bioenergy Ltd has received a GST demand order from the Office of the Deputy Commissioner DGSTO Belagavi, Karnataka, dated August 20, 2026. The order imposes a total demand of ₹6,60,36,192, comprising ₹4,41,03,282 in tax, ₹1,72,96,092 in interest, and ₹46,36,818 in penalty. The alleged contravention pertains to excess ITC claimed under the CGST, IGST, and SGST Acts. The company does not currently foresee any immediate material impact on its financials or operations and is evaluating its recourse to challenge the order.
Key Highlights
- Received GST demand order for ₹6.6 Cr.
- Order includes tax, interest, and penalty components.
- Allegation is for excess Input Tax Credit (ITC) claimed.
- Company anticipates no immediate material financial impact.
- Evaluating options to challenge the order.
Price Impact
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