The Assistant Commissioner of State Tax, Unit -59, Surat, Gujarat has issues order for wavier of interest or penalty or both against demand intimation received under Section 73(5) of CGST ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Assistant Commissioner of State Tax, Surat, Gujarat, has issued an order dated June 4, 2025, waiving interest and penalty of Rs. 20,000 (Rs. 10,000 CGST + Rs. 10,000 SGST) against a demand intimation under Section 73(5) of the CGST Act, 2017 for financial year 2019-20. The original demand related to an excess claim of ineligible input tax credit. The company received the order via email on June 14, 2025. This is a continuation of an earlier disclosure made on September 2, 2024.
This is a favorable outcome for H S India — the tax authority has waived the interest and penalty, so there is no financial, operational, or other impact on the company. Shareholders should view this as a minor positive resolution of a prior tax compliance matter.