Uno Minda Subsidiary MI Torica Receives GST Order for ₹25.1 Lakhs
Uno Minda's subsidiary, MI Torica, received a GST order for ₹25.1 Lakhs concerning excess Input Tax Credit and unpaid RCM tax on ocean freight for FY20. The company plans to contest the order, stating no material financial or operational impact is anticipated.
The amount is relatively small for the company, and they intend to contest it, indicating a low impact.
The company is contesting the order and does not foresee any material impact, making the sentiment neutral.
Uno Minda Limited has disclosed that its subsidiary, MI Torica India Pvt. Ltd. ("MI Torica"), has received an order from the Office of the Assistant Commissioner of Central Goods & Service Tax, Division West 1, Gurugram.
The order pertains to excess Input Tax Credit availed and Reverse Charge Mechanism (RCM) Tax liability not discharged on ocean freight for the financial year 2019-20. MI Torica has been demanded to pay a total of ₹25,10,425/-, comprising Tax of ₹10,55,706/-, Interest of ₹3,99,013/-, and Penalty of ₹10,55,706/-.
The order was received by MI Torica on January 05, 2026, around 10:00 A.M. (IST). MI Torica intends to contest the order based on the merits of the case. The company does not foresee any material impact on its financial, operational, or other activities as a result of this order.
What to do with a filing like this
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 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.