We wish to inform you that the Company has received an order from the Superintendent, Central GST & Central Excise, Range-I, Division-II, Raipur raising a demand for payment of GST along ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Indsil Hydro Power and Manganese Ltd received a GST order dated 31 December 2025 from the Superintendent, Central GST & Central Excise, Raipur. The order demands Rs. 12,09,060 towards GST liability under Reverse Charge Mechanism, along with a penalty of Rs. 14,60,678 and applicable interest. The action stems from alleged excess availment of Input Tax Credit and non-payment/short payment of GST. The company has filed an appeal against the order before appellate authorities. Management states there is no material impact on financials, operations or other activities. The disclosure was delayed, which the company attributes to inadvertence.
The total demand of approximately Rs. 26.7 lakh plus interest is relatively small for the company. The appeal filing indicates the company disputes the order. However, delayed disclosure and the penalty portion being larger than the base demand may raise concerns about the company's tax compliance practices.