AWL Agri Business Limited has received an order imposing a penalty from a regulatory authority. The penalty relates to disallowance of Input Tax Credit (ITC) due to reconciliation differences with GSTR 2A and eligibility under specific sections of the CGST Act. The company is taking steps to appeal the order. The amount of the penalty is Rs. 35,02,383.
Penalty Order Received
AWL Agri Business Limited has received an order from the Joint Commissioner, Corporate Circle, Lucknow, Uttar Pradesh, imposing a penalty of Rs. 35,02,383. The company received the order, dated 23rd December 2025, on the same day.
Details of the Issue
The order pertains to the disallowance of Input Tax Credit (ITC) related to reconciliation differences with GSTR 2A. It also concerns matters relating to eligibility under section 17(5) of the CGST Act.
Company Response
The company is planning to appeal against the order. AWL Agri Business Limited does not anticipate any material financial or operational impact due to this penalty.
Financial Impact
The potential financial impact of the penalty is Rs. 35,02,383. However, the company is contesting the order and does not expect it to materially affect its financial performance or operations.
Source: BSE
