Uno Minda Limited has received a tax order from the ETO-cum-Proper Officer (GST) in Gurugram regarding an alleged excess claim of Input Tax Credit for the 2019-20 financial year. The authority has demanded a total payment of Rs. 50,88,607, which includes the tax amount, penalties, and interest. The company has officially announced its intention to contest the order and does not expect any material impact on its financial or operational performance.
Details of the Tax Order
On April 3, 2026, Uno Minda Limited was served an order by the GST authorities concerning Input Tax Credit (ITC) claims made during the 2019-20 tax period. The tax authority alleges that the company claimed excess ITC, resulting in a formal demand for payment.
Breakdown of Financial Liability
The total demand issued by the authorities amounts to Rs. 50,88,607. The composition of this figure is as follows:
- Tax: Rs. 16,09,621
- Penalty: Rs. 16,09,621
- Interest: Rs. 18,69,365
Corporate Response and Outlook
Uno Minda Limited has formally stated its intention to contest the order through appropriate legal channels. Management has reviewed the implications of this development and confirmed that it does not anticipate any material impact on the company’s financial health, day-to-day operations, or ongoing business activities. The company remains committed to resolving the matter in accordance with standard legal processes.
Source: BSE
