Isgec Heavy Engineering faces Rs 78.88 lakh GST penalty, plans appeal
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Isgec Heavy Engineering received a GST penalty order from the State Tax Officer in Vadodara on December 15, 2025. The total financial impact is Rs 78.88 lakh, including tax demand of Rs 24.58 lakh, equal penalty of Rs 24.58 lakh, and interest of Rs 29.71 lakh. The allegation is claiming ineligible input tax credit from cancelled, non-genuine, and non-existent taxpayers. The company plans to file an appeal under the GST Act.
Modest hit under Rs 1 crore. Company disputing the order through appeal. Limited impact on overall operations expected.