Isgec Heavy Engineering Limited has informed the Exchange about Intimation of Imposition of Penalty
ISGEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Isgec Heavy Engineering has been imposed a penalty of Rs. 1,29,351 by the Superintendent, CGST, Raipur, along with a tax demand of Rs. 12,93,512, totaling Rs. 14,22,863. The action relates to alleged inadmissible Input Tax Credit wrongly availed and utilized under Section 73(1) of the CGST Act. The order was received on December 31, 2025. The company has stated it will file an appeal under the Goods and Services Tax Act against this order.
The financial impact is minor at around Rs. 14.23 lakhs and is unlikely to materially affect the company's operations or stock price. The company plans to contest the order through an appeal, so the final amount may be reduced or reversed.