Tax appeal dismissed in Hyderabad; minor demand upheld, company to appeal further
SHREECEM · price
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The Joint Commissioner of Appeals in Hyderabad has dismissed the company's appeal against a Central Tax demand order from Punjagutta, Hyderabad. The order upheld a tax demand of about Rs 9.88 lakh and penalty of Rs 1.17 lakh for wrong availment of input tax credit, while dropping a smaller demand of Rs 37,083 and penalty of Rs 641. The company says the order has no major financial impact and will file a further appeal before the GST Appellate Tribunal.
No material financial impact. Company plans to contest further before the GST Appellate Tribunal.