06-Nov-2026 18:09:01
APCOTEXINDGeneral news
APCOTEX : RECEIVES RS 16.37 L GST PENALTY ORDER
• Order passed by Assistant Commissioner, Division VI, CGST & C.Ex. Raigad Commissionerate on 6 November 2026 • Penalty relates to GST audit (ISD) for April 2020 to March 2024 over alleged ineligible or excess ITC availed and ITC distributed in wrong proportion • Company is evaluating the order and will decide further course of action based on counsel advice • Company does not expect the order to have any material financial impact Impact: Neutral (Penalty of ~₹16.37 L is immaterial to financials; matter is under evaluation)
Apcotex Industries Ltd
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