Indo Rama Synthetics Faces GST Demand Order of ₹10.11 Crore
Indo Rama Synthetics (India) Limited received a GST demand order for ₹10.11 Crore for FY 2021-2022. The order, issued by the Maharashtra GST Department, relates to discrepancies in RCM liability on freight expenses. The company received the order on December 29, 2025.
The order involves a significant amount of ₹10.11 Crore, which could impact the company's financials, although the exact impact is subject to the outcome of proceedings.
The company has received a demand order for tax, interest, and penalty, which is a negative development.
Indo Rama Synthetics (India) Limited has received an Order for the determination of dues to be paid under Section 73 of the MGST/CGST Act, 2017, from the Department of Goods and Service Tax, Government of Maharashtra, Nagpur.
The order pertains to the recovery of ₹10,115,356 (₹10.11 Crore) for the financial year 2021-2022, which includes tax, interest, and penalty.
This demand order was raised due to alleged discrepancies or unreconciled liabilities related to Reverse Charge Mechanism (RCM) on Freight/Carriage expenses. The company received this order on December 29, 2025, at 20:04 Hrs. The financial implication is subject to the outcome of the ongoing proceedings.
What to do with a filing like this
Indo Rama Synthetics (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 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 Indo Rama Synthetics (India) Limited. Read the original for the full detail.