Gujarat Ambuja Exports Limited has informed the Exchange about Action(s) taken or orders passed
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Gujarat Ambuja Exports has received a GST demand order dated July 11, 2025 from the Assistant Commissioner of State Tax, Ahmedabad, for Financial Year 2019-20. The total demand is Rs. 33.03 lakh, broken down into tax of Rs. 10.83 lakh, an equal penalty of Rs. 10.83 lakh, and interest of Rs. 11.37 lakh. The demand relates to ineligible Input Tax Credit (ITC) allegedly claimed from cancelled, non-genuine, and non-existent taxpayers. The company has called the order arbitrary and unjustified and is preparing to file an appeal with the Divisional Deputy Commissioner of State Tax (Appeals) within three months. The company has stated there is no material impact on its financials, operations, or other activities.
The demand amount is small relative to the size of the company and management has explicitly stated no material financial or operational impact. Since the company is actively contesting the order, short-term stock price impact is expected to be limited.