ACC Limited has received an order regarding the disallowance of excess Input Tax Credit (ITC) claimed in the GSTR-3B return. The company plans to contest the order by filing an appeal before the Commissioner of Income Tax (Appeals). The impact on the company’s financials or operations is not expected to be material.
Order for Disallowance of ITC
ACC Limited has received an order for the disallowance of excess Input Tax Credit (ITC) claimed in the GSTR-3B return. The company is preparing to challenge the order by filing an appeal before the Commissioner of Income Tax (Appeals) within the stipulated timeframe.
Details of the Order
The order pertains to the disallowance of excess ITC claimed.
Contesting the Order
ACC Limited intends to contest the order by filing an appeal. The company will be pursuing this through the appropriate legal channels.
Financial Impact
The company does not anticipate any material impact on its financial or operational activities as a result of this order. The company is taking appropriate steps to appeal against the order.
Order Details
Authority: Additional Commissioner CGST Commissionerate Panchkula
Demand: Rs.5,12,36,686/- (CGST Rs.2,56,18,343/- + SGST Rs.2,56,18,343/-) confirmed.
Penalty: Rs.51,23,670/- (CGST Rs.25,61,835/- + SGST Rs.25,61,835/-) imposed.
Date of Receipt: 1st December 2025
Source: BSE
