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 10th July 2025 from the Assistant Commissioner of State Tax, Ahmedabad, for FY 2019-20. The total demand is Rs. 18.65 lakhs, comprising tax of Rs. 6.13 lakhs, an equal penalty of Rs. 6.13 lakhs, and interest of Rs. 6.38 lakhs. The order, passed under Section 74(9) of the CGST Act, relates to alleged ineligible Input Tax Credit claimed from cancelled and non-genuine taxpayers. The company has called the demand arbitrary and unjustified and plans to file an appeal before the Divisional Deputy Commissioner of State Tax (Appeals) within three months.
The demand amount is small relative to the company's size, and management has confirmed no material impact on financials, operations, or other activities. Shareholders are unlikely to see a meaningful effect on the stock, though the final outcome of the appeal will be worth tracking.