GST penalty of Rs 6.22 lakh from Uttarakhand tax authority; company to appeal
INDIAGLYCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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India Glycols received a GST penalty order of Rs 6,22,080 from the State Tax Officer, SGST Department, Uttarakhand dated 10 October 2026. The penalty was due to Part-B of the E-way bill not being updated for one of three invoices during goods transit, despite E-invoice and goods being in order. The penalty amount has been paid to release the vehicle. The company plans to appeal and is confident of a favourable outcome based on legal precedents.
Minor financial impact of about Rs 6.22 lakh already paid. Company confident of winning appeal, so likely no material effect on operations or financials.