Tax & Penalty17 Sept 2026, 03:04 pm
UTL Industries Gets GST Relief of ₹5.36 Lakhs, Faces ₹24.7 Lakh Demand
AI Summary
UTL Industries Ltd received an Appeal Order and revised Demand Notice from the Gujarat GST Department. The company was granted relief of ₹5,36,600 but faces an outstanding demand of ₹11,85,080 for GST, ₹11,66,116 for interest, and ₹1,18,282 for penalty, totaling ₹24,69,478. The company plans to file a further appeal against this order. Despite the demand, the company states there is no material impact on its financial or operational activities.
Key Highlights
- Received GST appeal order with partial relief.
- Outstanding demand includes GST, interest, and penalty.
- Company plans to pursue further appeal.
- No material financial or operational impact stated.
Price Impact
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