Aksh Optifibre Receives GST Demand Order of ₹5.73 Crore
Aksh Optifibre received a GST demand order of ₹5.73 crore for the tax period 2021-22. A significant portion is due to a rectifiable system discrepancy in GSTR-9 filing. The company is pursuing legal remedies and anticipates no material impact on operations.
While the company states no material impact is foreseen, a tax demand of over ₹5.73 crore, including interest and penalty, is a significant amount that could affect liquidity and financial performance if not resolved favorably. The nature of the issues (reverse charge, ITC) could also lead to further scrutiny.
The company has received a tax demand order, which is a negative development. However, a substantial portion of the demand is attributed to a rectifiable technical issue, and the company is confident in resolving it, with no material impact anticipated on operations. This balances the initial negative news.
Aksh Optifibre Limited has received a Demand Order dated December 29, 2025, from the Deputy Commissioner-B, Business Audit, State Tax, Rajasthan, Jaipur. The order pertains to the tax period 2021-22 and involves a tax demand of ₹5,73,47,563, along with applicable interest and penalty under the Rajasthan Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017.
The demand arises from audit proceedings and concerns matters such as the interpretation of provisions related to the reverse charge mechanism, interest computation, and input tax credit. Notably, ₹4,79,25,351 of the demand, along with interest and penalty, is attributed to a technical issue stemming from a system-related discrepancy in GSTR-9 filing, which is rectifiable.
The company is consulting with professionals to initiate appropriate rectification and legal remedies. Aksh Optifibre maintains a strong compliance framework and its management is confident in resolving the matter legally. The company currently foresees no material impact on its operations.
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Aksh Optifibre Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Aksh Optifibre Limited. Read the original for the full detail.