Maithan Alloys faces ₹1.61 Crore demand order from GST authority
Maithan Alloys Limited received an order from the GST authority demanding a refund of ₹97.51 lakh for ITC of Compensation Cess, plus ₹53.91 lakh interest and ₹9.75 lakh penalty, totaling ₹1.61 crore. The company is considering contesting the order.
The amount of ₹1.61 crore, while substantial, is likely manageable for a company like Maithan Alloys. However, the penalty and interest, along with the potential legal costs of contesting the order, warrant a medium impact assessment.
The company has received an order from the GST authority demanding a significant sum due to alleged excess claim of refund, which negatively impacts the company's financial standing and operations.
Maithan Alloys Limited has disclosed an order received under Section 73 of the CGST Act, 2017, from the Assistant Commissioner, GST. The order demands a refund of INR 97,51,499.10 for erroneously claimed ITC of Compensation Cess, along with applicable interest of INR 53,90,842/-, and a penalty of INR 9,75,150/-, aggregating to a total of INR 1,61,17,491.10.
The company became aware of the particulars of the order on December 12, 2025, at approximately 2:30 PM via the GST portal. The alleged contravention pertains to the excess claim of refund in respect of ITC (Compensation Cess) under Section 54 of the CGST Act, 2017.
Maithan Alloys Limited is currently evaluating its options to contest the order issued by the CGST Authority.
What to do with a filing like this
Maithan Alloys 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 Maithan Alloys Limited. Read the original for the full detail.