UNO Minda receives GST order demanding ₹126 crore tax, interest, and penalty
UNO Minda Limited received a GST order for HSN misclassification demanding ₹42.38 crore tax, interest, and ₹4.24 crore penalty for Nov 2017-Mar 2020. A further demand of ₹83.81 crore tax, interest, and ₹8.38 crore penalty for Apr 2020-Oct 2023 has also been issued. The company plans to contest the order.
While the company states no material impact is foreseen, the total demand is substantial (over ₹126 crore excluding interest), which could have a medium-term impact if not successfully contested.
The company has received a significant demand order from GST authorities, which includes substantial tax, interest, and penalty amounts.
UNO Minda Limited has received an order from the Office of the Commissioner of Goods & Service Tax and Central Excise, Salem, Tamil Nadu, regarding HSN misclassification. For the period November 15, 2017, to March 2020, the company has been demanded to pay ₹42,37,98,584 in tax, applicable interest, and ₹4,23,79,859 in penalty.
For the subsequent period of April 2020 to October 2023, the demand includes ₹83,81,25,560 in tax, applicable interest, and ₹8,38,12,557 in penalty. The company received this order on March 11, 2026, around 9:00 AM IST. UNO Minda Limited intends to contest this order based on the merits of the case and does not foresee any material impact on its financial, operational, or other activities.
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UNO Minda 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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