Indo Euro Indchem Ltd received a GST Demand Order for Rs. 0.73 Crore, including a Rs. 62.71 Lakh penalty for alleged inadmissible ITC. The company intends to contest the demand before appropriate authorities. This contingent liability has no immediate impact on operations.
Indo Euro Indchem Limited received a GST Demand Order totaling ₹0.73 Crore, comprising ₹10.69 Lakh in tax and ₹62.71 Lakh in penalties. The order alleges fraudulent Input Tax Credit (ITC) claims. The company intends to defend the matter before appropriate authorities, and the financial impact is currently considered a contingent liability.
