Triveni Engineering & Industries Ltd. has disclosed the imposition of a penalty amounting to ₹22,92,399 by the Assistant Commissioner, CGST Division, Shamli. The demand, related to the fiscal years 2020-21 and 2021-22, is based on allegations of issuing tax invoices without actual supply of goods. The company has stated its intention to litigate and file an appeal against this order, expecting no immediate impact on its financial or operational activities.
Taxation Order Issued
Triveni Engineering & Industries Ltd. announced receiving an order dated 19th October, 2026, from the Assistant Commissioner, CGST Division, Shamli. The order imposes a penalty of ₹22,92,399 under the Central Goods & Service Tax Act, 2017, and the Uttar Pradesh Goods & Service Tax Act, 2017.
Allegations and Company Stance
The demand has been confirmed based on an allegation that the Company issued tax invoices without the actual supply of goods during the financial years 2020-21 and 2021-22. Triveni Engineering & Industries Ltd. has indicated that it intends to litigate this matter and file an appeal before the Commissioner against the aforementioned order.
Impact Assessment
The company has stated that there is no impact on its financial, operational, or other activities as a result of this order. The management plans to contest the penalty through the appropriate legal channels.
Source: BSE
