AWL Agri Business has received an order imposing a penalty of ₹80,58,956 due to the disallowance of input tax credit under the CGST and GGST Acts. The penalty relates to retrospective cancellation of supplier registrations. The company is appealing the order and does not anticipate a material impact on its financial or operational activities.
Penalty Imposed
AWL Agri Business has received a penalty order from the Assistant Commissioner of State Tax, Gujarat. The penalty amounts to ₹80,58,956.
Details of the Penalty
The penalty was imposed under section 74 of the Central Goods and Service Tax Act 2017 (CGST Act, 2017) and Gujarat Goods & Service Tax Act 2017 (GGST Act, 2017).
Reason for the Penalty
The penalty is related to the disallowance of input tax credit under section 16 of CGST/GGST Act, due to the retrospective cancellation of the registration of certain suppliers.
Company’s Response
The company received the order on December 24, 2025, and is taking steps to appeal the order before the appropriate authority.
Expected Impact
AWL Agri Business does not foresee any material impact on its financial, operational, or other activities as a result of this order.
Source: BSE