UNO Minda GST Penalty Order Remanded for Re-determination

UNO Minda Ltd has provided an update regarding a GST penalty order received on February 5, 2025, for non-payment of GST on reimbursements, import of services, and corporate/bank guarantees. The initial order demanded a penalty of ₹1,71,52,785 plus applicable interest. The company filed an appeal on May 2-3, 2025. The appellate authority has now remanded the case back to the original authority for re-determination of the tax, interest, and penalty amounts. The company received this order on July 13, 2026, and does not foresee any material impact on its financial or operational activities.