Endurance Technologies Limited has informed the exchange regarding update on GST demand order
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Endurance Technologies has received a fresh GST demand order dated 15th May 2026, following the quashing of a prior order by the Hon'ble High Court of Uttarakhand. The earlier demand of Rs. 12.39 crore (for FY 2021-22) related to alleged non-confirmation of Input Tax Credit reversal by customers on credit notes issued by the Company. Of the disputed amount, Rs. 12.07 crore has been dropped, and only Rs. 32.49 lakh has been confirmed (comprising tax of Rs. 17.72 lakh, interest of Rs. 12.80 lakh, and penalty of Rs. 1.97 lakh). The Company intends to appeal the fresh order, citing that not all supporting documents were duly considered by the authority. The financial impact is stated to be non-material.
The confirmed demand of Rs. 32.49 lakh is relatively small relative to the company's scale, and the significant reduction from the original Rs. 12.39 crore demand is a positive development. However, pending appeal and potential for further litigation keeps some uncertainty alive.