DIC India Wins GST Appeal, ₹6.6 Lakh Demand Set Aside
DIC India Limited has won a Goods and Services Tax (GST) appeal. The Additional Commissioner (Appeals) set aside a demand order of ₹6,61,766, including ₹60,160 in penalty, originally issued by CGST, Noida. The company confirmed there is no financial impact.
The announcement concerns a past tax dispute where the company has been cleared, with no ongoing financial or operational impact.
The company received a favorable order from the appellate authority, setting aside a significant tax and penalty demand.
DIC India Limited has received a favorable final order from the Additional Commissioner (Appeals), Noida, in connection with a demand order issued by the Assistant Commissioner (in-situ), CGST, Noida, under the Uttar Pradesh Goods and Services Tax Act, 2017. The original demand, dated December 30, 2025, had imposed a total of ₹6,61,766, comprising a tax amount of ₹6,01,606 and a penalty of ₹60,160. The company had appealed this demand.
The learned Additional Commissioner (Appeals) passed a final order on July 14, 2026, vide reference number ZD090726118479T, which has set aside the original demand in its entirety. The appeal was preferred against the allegation of non-payment of GST concerning the recovery of R&D fees from foreign entities through debit notes.
DIC India Limited has stated that there is no impact on its financial operations or other activities as a result of this order, as it has been passed in favor of the company. The original demand order was for the financial year 2021-22.
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DIC India 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 low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by DIC India Limited. Read the original for the full detail.