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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company received a tax assessment order from the Deputy Commissioner, State Tax, Sikandrabad, Uttar Pradesh dated March 31, 2026. Two demands have been raised: Rs 65.45 lakh under Section 9(2) of Central Sales Tax Act, 1956 and Rs 27.51 crore under Section 28(2)(ii) of UP VAT Act, totaling approximately Rs 28.16 crore. The assessment was made because the authorities claim the company charged a higher rate of VAT/CST on its products. The company disputes this assessment and states it is not maintainable. The company plans to file appeals against these demand orders within the prescribed time limit.
While a large tax demand of Rs 28.16 crore has been raised, the company claims the demand is not maintainable and does not foresee any adverse impact on its financials or operations. The matter is likely to be resolved through the appellate process.