UNO Minda receives GST order for ₹16.1 Lakhs tax, penalty, and interest
UNO Minda received a GST order for excess Input Tax Credit claim for FY20. The order requires payment of ₹16.1 Lakhs tax, ₹16.1 Lakhs penalty, and ₹18.7 Lakhs interest. The company plans to contest the order, expecting no material financial or operational impact.
Although there is a financial demand, the company's intention to contest and its expectation of no material impact suggest a low impact on its overall operations and financials.
The company has received a GST order with financial implications, but it intends to contest it and does not foresee a material impact, making the sentiment neutral.
UNO Minda Limited has received an order from the ETO-cum-Proper Officer (GST), Ward 11, Gurugram (West), Haryana, India, concerning an excess claim of Input Tax Credit for the tax period 2019-20.
The order directs the company to pay a total of ₹50,88,907, comprising ₹16,09,621 in tax, ₹16,09,621 in penalty, and ₹18,69,365 in interest.
The company received this order on April 03, 2026, around 11:15 A.M. IST. UNO Minda Limited intends to contest this order, stating that it does not anticipate any material impact on its financial, operational, or other activities.
What to do with a filing like this
UNO Minda Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by UNO Minda Limited. Read the original for the full detail.