SML Isuzu Limited has informed the Exchange about Action(s) initiated or orders passed by GST Authority
SMLMAH · price
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 1.5 pts less than its Agricultural Commercial & Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SML Isuzu received an order from the Additional Commissioner of Central Tax (GST-Appeals), Guntur on 23 September 2025. The authority allowed the company's appeal against an earlier GST order (DRC-07 dated 27.12.2023) for the period July 2017 to March 2020. As a result, the tax demand of Rs. 0.15 lakh and the equivalent penalty of Rs. 0.15 lakh were set aside. The original allegation related to a mismatch of input tax credit (ITC) availed and non-reversal of ITC against credit notes.
This is a positive development for shareholders — the company has won the appeal and the small tax demand along with the penalty has been fully quashed, with no financial impact on the company.