Announced Fri, 6 Nov, 2026 · 18:05 IST
GST authority imposes Rs 16.37 lakh penalty on Apcotex Industries
APCOTEXIND · 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 Raigad tax authority ordered Apcotex Industries to pay a Rs 16,36,985 GST penalty for April 2020 to March 2024. It relates to alleged ineligible or excess tax credit and tax credit distributed in the wrong proportion. The company received the order on 6 November 2026 and is evaluating its options.
Likely market impact
The company expects no material financial impact and is seeking advice before deciding its next steps.