MOIL Limited receives ₹1.27 Crore GST order for FY23 mismatches
MOIL Limited received a GST order for FY23, demanding ₹1.27 Crore due to alleged mismatches in GST filings and ITC issues. The company is examining the order and plans to appeal. The demand has no immediate operational impact.
While the company states there is no immediate operational impact, a demand of over ₹1.27 Crore, even if disputed, represents a significant financial obligation and potential legal cost, warranting a medium impact assessment.
The company has received a tax demand order with a penalty, which is a negative development, although the company believes it has no immediate operational impact and plans to appeal.
MOIL Limited has received an order from the Joint Commissioner of State Tax, Chhindwara Division, Jabalpur Zone, Madhya Pradesh, concerning alleged mismatches in GST filings for the Financial Year 2022-23.
The order, issued under Form GST DRC-07 and Section 73 of the CGST/SGST Act, 2017, pertains to discrepancies between GSTR-1, GSTR-3B, and E-way Bill data, as well as Input Tax Credit (ITC) related issues. The alleged mismatches primarily stem from stock transfers, inter-unit transfers, capitalization of capital goods, and timing differences.
The total demand raised amounts to ₹1,27,68,306 (Rupees One Crore Twenty-Seven Lakh Sixty-Eight Thousand Three Hundred Six only), comprising IGST of ₹1,16,07,551 and a penalty of ₹11,60,755. Interest is to be computed till the date of payment, if applicable.
The company stated that the demand does not have any immediate operational impact. MOIL Limited is examining the order and plans to take appropriate legal steps, including filing an appeal within the prescribed time under the GST Act. The order was received on March 31, 2026, at 6:40 PM.
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MOIL 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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