CGST appeal order — Rs 12.16 lakh penalty upheld on tax credit dispute
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Company received an appeal order from CGST (Appeals) Noida in a tax dispute over transitional credit and hotel booking services. The appellate authority partly allowed the appeal, setting aside Rs 2.83 lakh demand on transit invoices, but upheld Rs 9.57 lakh for Education Cess, SHE Cess and Krishi Kalyan Cess, and Rs 2.58 lakh for hotel booking services. Total penalty of Rs 12.16 lakh imposed under Sections 122 and 74 of CGST Act. Company is evaluating legal remedy. No material financial impact stated.
Partial loss in appeal. Company is evaluating further legal options. Total liability about Rs 12.16 lakh plus interest, deemed not material.