Craftsman Automation Limited has informed the Exchange about Action(s) taken or orders passed by the Office of the Deputy Commissioner (DC), Division-West, CGST Faridabad
CRAFTSMAN · price
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The Office of the Deputy Commissioner (DC), Division-West, CGST Faridabad has passed an order dated 30 March 2026 against Craftsman Automation under Section 74 of the CGST Act, 2017 for FY 2019-20. The order raises a tax demand of Rs. 11.07 lakh along with applicable interest and a penalty equal to the tax amount for alleged inadmissible Input Tax Credit (ITC). Additionally, interest of Rs. 40.75 lakh has been demanded for alleged wrongful availment and utilisation of ITC. The total potential exposure is roughly Rs. 62.9 lakh including penalty. The company has stated it believes the demand is not sustainable and intends to file an appeal.
The monetary impact is small relative to the company's size and the management has confirmed no material impact on financials or operations. Short-term sentiment may be mildly negative due to the tax dispute, but it is unlikely to move the stock meaningfully given the small amount involved.