Delta Manufacturing Limited: GST Proceedings Dropped for FY 2023-24
Delta Manufacturing Limited announced that GST proceedings for FY 2023-24 have been dropped. The company paid ₹1,43,456 in GST and ₹67,986 in interest to resolve discrepancies related to ITC. No material impact on operations is expected.
While a tax liability and interest were paid, the company explicitly stated that there is no material impact on its financial, operational, or other activities, suggesting a minimal effect.
The company received a favorable outcome as the GST proceedings were dropped, indicating a resolution of tax-related issues without significant negative consequences.
Delta Manufacturing Limited has announced that the proceedings initiated by the Deputy Commissioner of State Tax, Ambad, under Section 61 of the CGST/SGST Act, 2017, have been dropped. These proceedings were related to the scrutiny of GSTR-3B returns for the Financial Year 2023-2024 (April 2023 to March 2024).
The company had previously received a notice (Form GST ASMT-10) on 31st January 2026, highlighting discrepancies in the GSTR-3B returns. The company provided a reply to the notice, and on 10th June 2026, the tax authority issued an order dropping the proceedings.
During the scrutiny, an alleged excess availment of Input Tax Credit (ITC) amounting to ₹1,43,455.20 was identified in Form GSTR-3B, which was not reflected in Form GSTR-2A for FY 2023-24. The company accepted this discrepancy and discharged the related tax liability. Additionally, a discrepancy of ₹95,908.23 concerning unreconciled tax and ITC was identified. However, following the reconciliation and explanations provided by Delta Manufacturing Limited, the demand was withdrawn, leading to the drop order.
The company has discharged a total GST liability of ₹1,43,456 and interest of ₹67,986. The announcement clarifies that there is no material impact on the financial, operational, or other activities of the company.
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Delta Manufacturing Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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