Intimation regarding order passed by GST Department
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Raj Packaging Industries has received an order from the GST Assistant Commissioner in Hyderabad for FY 2020-21, demanding Rs. 52.46 lakh as tax and an equal amount (Rs. 52.46 lakh) as penalty under Section 74 of the GST Act, totaling about Rs. 1.05 crore. The department has alleged mismatch in bills, discrepancies between import bills and those uploaded on the GST portal, and that ineligible Input Tax Credit (ITC) was claimed. The company was unaware of the order dated March 7, 2025 and only discovered it on April 10, 2025 by voluntarily checking the GST website. Management believes the order lacks merit and plans to file an appeal before the Appellate authority.
The company states there is no material impact on its financials or operations and is confident of a favorable outcome on appeal. However, the Rs. 1.05 crore demand, if upheld, could affect cash flows, and the delay in receiving official communication may raise minor governance concerns.