KEI Industries Limited's GST Demand Reduced by Commissioner (Appeals)
KEI Industries Limited's GST demand has been reduced by the Commissioner (Appeals), Noida. The revised demand and penalty amount to ₹2,23,13,702 each. This order, received on October 7, 2026, pertains to road restoration charges for FY 2017-18. The company is evaluating further appeal options but expects no material impact.
The revised demand and penalty amount to over ₹4.46 crore. Although the company stated no significant impact, any litigation and potential financial obligation of this magnitude can have a medium-term impact on cash flows and financial planning.
While the GST demand has been reduced, it still represents a significant financial obligation for the company. The company is considering further appeals, indicating ongoing uncertainty. The reduction itself is a positive step, but the overall situation remains under evaluation.
KEI Industries Limited has received a revised order from the Commissioner (Appeals), Noida, on October 7, 2026, which further reduces a previously issued GST Demand. This follows an earlier communication on February 4, 2025, regarding GST Demand orders received from the Joint Commissioner (Office of Commissioner of Central Goods & Services Tax), Noida Audit Commissionerate, dated February 3, 2025.
The Commissioner (Appeals), Noida, in its order dated September 29, 2026, has reduced the GST demand to ₹2,23,13,702/- and a penalty of ₹2,23,13,702/- under Section 74(9) of the CGST/UPGST Act, 2017. This reduction pertains to road restoration charges. The demand related to the availment of excess input tax credit in GSTR-3B compared to GSTR-2A and interest on delayed billing of unbilled revenue has been set aside.
The original demand for the financial year 2017-18 was raised under reverse charge mechanism on road cutting charges, availing excess input tax credit in GSTR-3B returns, and interest on delayed billing of unbilled revenue. The company, based on its assessment, believes the demand is not maintainable and is evaluating all options, including filing an appeal with the Goods and Services Tax Appellate Tribunal. KEI Industries Limited does not foresee any significant impact on its financials, operations, or other activities due to this order.
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