Aries Agro Limited Faces GST Litigation Outcome
Aries Agro Limited received a GST demand of ₹3,96,45,090 for FY 2018-19 related to ITC. The company plans to appeal the order at the Goods and Services Tax Appellate Tribunal (GSTAT). The GST Appellate Authority issued the order on September 4, 2026.
The confirmed demand of over ₹3.96 crore, including interest and penalty, could have a moderate financial impact on the company, although the company intends to appeal.
The company has received an unfavorable order from the GST Appellate Authority confirming a significant demand, which will necessitate further legal action.
Aries Agro Limited has provided an update on a litigation matter concerning the availment of Input Tax Credit (ITC) for the Financial Year 2018-2019.
The Assistant Commissioner of State Tax, through the GST Appellate Authority in Mazgaon, Mumbai, has confirmed a demand of ₹3,96,45,090, which includes interest and penalty. This demand pertains to the ITC availed on inward supplies from vendors whose GST registrations were subsequently cancelled retrospectively.
The company intends to appeal this order before the Goods and Services Tax Appellate Tribunal (GSTAT). The announcement was made on September 4, 2026.
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Aries Agro Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. 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 Aries Agro Limited. Read the original for the full detail.