UNO Minda Receives GST Appellate Order, Reduced Demand to ₹5.52 Crore
UNO Minda Limited received an appellate order from Central GST, Chennai, reducing the demand related to excess ITC and GST non-payment by the merged entity Harita Fehrer Limited. The revised demand is ₹5.02 Crore for tax and ₹0.50 Crore for penalty. The company plans to contest the order, expecting no material impact.
The company has stated that it does not foresee any material impact on its financial, operational, or other activities, despite the reduced demand. The amount involved, while significant, is likely not material relative to the company's overall operations.
The appellate authority reduced the tax and penalty demand, which is a positive development. However, the company intends to contest the order, and the exact financial impact is still subject to further legal proceedings, hence the sentiment is neutral.
UNO Minda Limited has received an Order-in-appeal from the Office of the Pr. Commissioner (Appeal-II), Central GST, Chennai. This order pertains to an earlier notice received by Harita Fehrer Limited (now merged with UNO Minda) regarding the availment of excess Input Tax Credit (ITC) and non-payment of GST on income from the Board of Apprenticeship & Training (BOAT).
The appellate authority has reduced the demand. The revised (reduced) tax demand is ₹5.02 Crore, and the penalty demand is ₹0.50 Crore. Interest will be applicable as per rules. The company received this order on September 03, 2026, around 01:29 PM IST.
UNO Minda Limited intends to contest this Order-in-appeal based on its merits. The company does not foresee any material impact on its financial, operational, or other activities as a result of this order.
A plain-language summary of a public exchange filing by UNO Minda Limited. Read the original for the full detail.