UNO Minda: GST Appellate Authority Reduces Demand to ₹5.52 Cr

UNO Minda Ltd has received an Order-in-appeal from the Pr. Commissioner (Appeal-II), Central GST, Chennai, concerning a prior order related to excess Input Tax Credit (ITC) availment and non-payment of GST by its erstwhile merged entity, Harita Fehrer Limited. The appellate authority has reduced the original demand, with the revised tax, penalty, and interest amounting to ₹5.02 Crore, ₹0.50 Crore, and applicable interest, respectively. The company received this order on September 3, 2026. UNO Minda intends to contest this order further based on its merits and does not foresee any material impact on its financial or operational activities.