India Glycols Receives Favorable Order in Input Tax Credit Dispute
India Glycols received a favorable order from the Commissioner, CGST (Appeals), Noida, setting aside a demand for ₹1.92 crore related to disallowed Transitional Input Tax Credit.
The impact is low as the company has successfully appealed against the demand, resulting in no significant financial implications. The amount, while substantial, is not critical to the company's overall financial health.
The appellate authority's decision to set aside the demand order is a positive development for the company, resolving a tax dispute favorably and removing a financial liability.
* India Glycols Limited received an order from the Commissioner, CGST (Appeals), Noida, on 4th December 2025. * The order sets aside the earlier demand order dated 28th January 2025, issued by the Joint Commissioner, CGST, Noida. * The original order had disallowed the Transitional Input Tax Credit (ITC) and demanded ₹1,92,12,510 along with an equivalent penalty and applicable interest. * The appellate authority has dropped the demand for tax, penalty, and interest.
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India Glycols 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 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 India Glycols Limited. Read the original for the full detail.