Intimation of order received from Superintendent, CGST & Central Excise, Range-I, Division-X, Daman Commissionerate

Shashijit Infraprojects has received an order dated 30 December 2025 from the Superintendent, CGST & Central Excise (Daman Commissionerate), demanding reversal of Input Tax Credit (ITC) of ₹12,93,856 availed in FY 2019-20. The order alleges the ITC was wrongly claimed from suppliers whose GST registrations were later cancelled retrospectively, violating Section 16(2) of the CGST Act, 2017. Along with the ITC demand, the authority has imposed a penalty of an equal amount (₹12,93,856) under Section 74 and applicable interest under Section 50. The company plans to file an appeal before the appellate authority under Section 107 within the prescribed time limit. Management has stated that the matter is not expected to have any material adverse impact on its financials or operations.