Krishana Phoschem penalized ₹13.49 Lakh by CGST for alleged wrongful Input Tax Credit
Krishana Phoschem Limited was penalized ₹13.49 lakh by CGST on December 22, 2025. The penalty is for alleged wrongful availment of Input Tax Credit. The company is contesting the order and plans to file an appeal. The financial impact is limited to the penalty amount.
While the penalty amount is not excessively large, it represents a direct financial outflow and could indicate potential future compliance issues or legal costs associated with the appeal process.
The company has been penalized by the CGST authorities, which is a negative development.
Krishana Phoschem Limited has received an order dated December 22, 2025, from the Superintendent, CGST & Central Excise, imposing a penalty of ₹13,48,884 on the company. This penalty has been levied under Section 74 of the CGST Act, 2017, read with section 122(1)(vii) of the CGST Act, 2017, and applicable MPGST and IGST provisions. The penalty is reportedly for the wrongful availment of Input Tax Credit.
The company stated that the financial impact is limited to the penalty amount and there is no impact on its operations or other activities. Krishana Phoschem Limited is contesting the GST plea and is in the process of filing an appeal against the order. The company received intimation of this order on December 22, 2025, via email at 12:52 PM.
What to do with a filing like this
Krishana Phoschem 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 Krishana Phoschem Limited. Read the original for the full detail.