GST order confirming Rs 1.35 cr tax demand; company to appeal
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Parmeshwar Metal received an order from the GST Appellate Commissioner in Ahmedabad confirming a tax demand of Rs 1.35 crore plus interest and equal penalty under CGST/GJGST Act. The dispute relates to alleged inadmissible or fraudulent Input Tax Credit (ITC). The company plans to file an appeal before the Appellate Tribunal and believes the demand lacks merit and will be set aside. It does not expect any material impact on its financials or operations.
Tax demand of Rs 1.35 cr plus interest and penalty; company contesting via appeal. Likely limited long-term impact if appeal succeeds.