Shivam Autotech Limited has informed the Exchange about General Updates
SHIVAMAUTO · price
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Shivam Autotech Limited received an order dated March 31, 2026 from the Office of C.G.S.T. Commissionerate, Dehradun. The order passed by the Additional Commissioner relates to disallowance of Input Tax Credit under Section 74(9) of the CGST Act, 2017. The proposed tax demand is ₹24,576,225 along with a penalty of ₹21,070,364 plus applicable interest. The company disputes the order, stating it believes it has a strong case on merits and that the issue is merely a matter of reconciliation. The company intends to make submissions before the appropriate forum within the given timelines.
This is a tax dispute involving a combined demand of approximately ₹45.6 million. While the company is contesting the order, it represents a potential financial liability if the demand is upheld in appellate proceedings.