Eicher Motors Limited has received GST demand orders from the Office of the Assistant Commissioner, CGST, Jaipur; Office of the Principal Commissioner, CGST & Central Excise, Lucknow and Office of the Commissioner, CGST, Delhi South Commissionerate, New Delhi, according to the Company’s exchange filing.
The Office of the Assistant Commissioner, CGST, Jaipur issued a demand order for an aggregate amount of ₹ 0.62 Crs (which includes a tax demand of ₹ 0.31 Crs & a penalty of ₹ 0.31 Crs) for the financial year 2017-18 to 2021- 22, the officer has raised GST demand on account of blocked credits.
Joint Commissioner, CGST & Central Excise, Lucknow issued a Demand order for an aggregate amount of ₹ 6.64 Crs (which includes tax demand of ₹ 3.32 Crs & penalty of ₹ 3.32 Crs) on account of transitional credit availed by the Company during the period July 2017.
Additional Commissioner, CGST, Delhi South Commissionerate, New Delhi issued demand order for an aggregate amount of Rs. 5.54 Crs (which includes tax demand of ₹ 2.73 Crs & penalty of Rs. 2.81 Crs) for the financial year 2017-18 to 2020-21, the officer has raised GST demand majorly on account of GST credit mismatch between ITC availed by the Company in GSTR-3B and details reported by suppliers reflected in GSTR-2A.
The Company is likely to challenge the demand orders before an appropriate authority. “Based on the Company’s assessment, the aforesaid demand is not maintainable and the Company is evaluating all options including filing an appeal against the order,” Company said in their exchange filing.
