VE Commercial Vehicles Limited (VECV), a material subsidiary of Eicher Motors, has received a demand order on December 29, 2025, from the Commissioner, CGST & Central Excise, Ujjain. The demand pertains to alleged delays in reporting credit notes for the financial year 2017-18. VECV believes the order lacks merit and intends to file an appeal.
Demand Order Details
On December 29, 2025, VE Commercial Vehicles Limited (VECV) received a demand order from the office of the Commissioner, CGST & Central Excise, Ujjain Commissionerate, Ujjain, Madhya Pradesh. The order is issued under the Central Goods and Services Tax Act, 2017, along with related state and integrated tax regulations.
Background of the Demand
The demand relates to a show cause notice (SCN) initially disclosed on July 10, 2025. The SCN alleged contraventions of CGST Act provisions for FY 2017-18, involving a GST amount of Rs. 168.19 Crores and an equivalent penalty.
Revised Demand and Company Response
Following VECV’s response to the SCN, the demand order confirmed a reduced amount of Rs. 96.18 crores, along with applicable penalties and interest. The demand pertains to a delay in reporting credit notes for the Financial Year 2017-18. VECV intends to appeal this order, believing it has no merit.
Impact Assessment
The company states that the demand order has no impact on the financial or operational activities of Eicher Motors.
Source: BSE
