LG India Receives ₹7.98 Crore GST Demand Order for FY20
LG Electronics India Limited received a demand order of ₹7.98 Crore for FY 2019-20 from GST authorities on March 10, 2026. The demand includes ₹2.53 Crore principal tax, ₹2.53 Crore penalty, and ₹2.92 Crore interest. The company disputes the claim and plans to appeal.
While the company states there is no impact on financials, the tax demand, penalty, and interest amount are substantial and could potentially impact the company if the appeal is unsuccessful.
The company has received a significant tax demand order from the GST authorities, which is a negative development.
LG Electronics India Limited has received an Order in Original (demand order) dated March 10, 2026, from the Joint Commissioner - Corporate Circle -2, Greater Noida, Uttar Pradesh.
This order pertains to the financial year 2019-20 and has been issued under Section 74 of the Central Goods and Services Tax Act, 2017, and the Uttar Pradesh Goods and Services Act, 2017, read with Section 20 of the Integrated Goods and Services Tax Act, 2017.
The demand order raises a total tax demand of ₹7.98 Crore, which includes principal tax of ₹2.53 Crore, penalty of ₹2.53 Crore, and interest of ₹2.92 Crore. The alleged violation concerns the claim of ineligible Input Tax Credit on bus facilities provided to employees for transportation, which the department claims is blocked under section 17(5) of the GST Act.
The company intends to file an appeal before the Appellate Authorities within the prescribed timelines. LG Electronics India Limited states that there is no impact on its financials, operations, or other activities, as they believe the Input Credit claimed is within the ambit of GST provisions and not barred under section 17(5) of the GST Act.
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