Mitil Polymer Private Limited (MPPL), a step-down subsidiary of Uno Minda, has received an order regarding excess input tax credit claimed for the financial year 2019-20. The order demands a payment of ₹48,06,579, including tax, interest, and penalty. MPPL intends to contest the order based on its merits. The order was received on October 15, 2025.
Details of the Order
Uno Minda Limited announced that its step-down subsidiary, Mitil Polymer Private Limited (MPPL), received an order from the Joint Commissioner of State Tax, Appeal-04, Government of Maharashtra, on October 15, 2025. This order pertains to the financial year 2019-20.
Financial Implications
The order highlights an excess claim of Input Tax Credit by MPPL, demanding a total payment of ₹48,06,579.
- Tax: ₹25,60,082
- Interest: ₹19,90,946
- Penalty: ₹2,55,551
MPPL plans to challenge the order based on the case merits. The company does not expect any material impact on its financial or operational activities.
Source: BSE
