Announced Tue, 27 Oct, 2026 · 17:54 IST
GST appeal rejected; Rs 4.54 crore tax and penalty upheld
AUSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The GST Commissioner (Appeals) rejected the company's appeal, leaving net tax of Rs 1.92 crore and penalty of Rs 2.62 crore, about Rs 4.54 crore in total, after Rs 70 lakh already paid. The order said five non-operational firms issued invoices without supplying goods. The company plans to appeal to the Appellate Tribunal.
Likely market impact
Negative: about Rs 4.54 crore is payable if the order stands, though the company plans to appeal. It also raises governance and volatility concerns.