Total Transport Systems Limited has informed the Exchange regarding 'Receipt of Order from GSTAuthorities'.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Total Transport Systems Limited has received a GST order from the Assistant Commissioner of Central GST & Central Excise, Mumbai East Commissionerate, dated December 31, 2025. The order pertains to alleged wrongful claim of Input Tax Credit (ITC) for the period April 2018 to March 2019, citing two issues: ineligible ITC from non-compliant suppliers whose GST registrations were cancelled or who failed to file returns, and excess ITC claims in GSTR-3B returns compared to GSTR-2A. The total demand is ₹63.85 lakhs, split equally between tax (₹31.92 lakhs) and penalty (₹31.92 lakhs). The company plans to file an appeal before the appropriate appellate authority and believes the demand is not sustainable.
The ₹63.85 lakh demand is relatively small for the company, and management has stated it will have no material impact on financials or operations. However, the order and any adverse appeal outcome could weigh on sentiment and may lead to some uncertainty until the matter is resolved.