Minda Storage Batteries Private Limited (MSBPL), a wholly-owned subsidiary of Uno Minda Limited, has received a penalty order regarding excess ITC claimed. The order, received on December 30, 2025, demands a penalty payment of ₹1,04,88,574. MSBPL intends to contest the order and Uno Minda does not foresee any material impact on its financials or operations.
Penalty Order Received
Minda Storage Batteries Private Limited (MSBPL), a wholly-owned subsidiary of Uno Minda Limited, has received a penalty order from the Office of the Principal Commissioner, Central GST Commissionerate, Dehradun.
Details of the Order
The penalty order pertains to excess Input Tax Credit (ITC) claimed by MSBPL. It was issued under the provisions of sections 74(9) with section 122(2)(b) of the CGST Act, 2017 and the UKGST Act, 2017 for the financial year 2023-24.
Penalty Amount
The order demands that MSBPL pay a penalty of ₹1,04,88,574. The order was received by MSBPL on December 30, 2025, at approximately 11:50 P.M. (IST).
Company’s Response
MSBPL intends to contest the order based on the merits of the case. Uno Minda Limited does not anticipate any material impact on its financial, operational, or other activities as a result of this order.
Source: BSE
