DOMS Industries has disclosed that its subsidiary, Uniclan Healthcare, received an order from the Central Taxes (GST) office demanding recovery of alleged inadmissible Input Tax Credit (ITC) from FY 2021-22. The total demand, including penalty and interest, amounts to ₹15.68 Lakh. The company is currently evaluating legal remedies and plans to file a response within the stipulated time frame. DOMS confirmed that the order is not expected to have a material impact on its operations or financials.
Disclosure of Tax Authority Order
DOMS Industries Limited has submitted a mandatory disclosure concerning an adverse order received by its subsidiary, Uniclan Healthcare Private Limited. The order was issued by the Office of the Superintendent of Central Taxes (CGST), Thane, on March 20, 2026.
Details of the Allegation and Demand
The action stems from an audit relating to the financial year 2021-22. The tax authority alleges the wrongful availment and utilization of Input Tax Credit (ITC) without the actual receipt of the underlying goods or services, citing violations under the CGST Act, 2017.
The specific financial implications detailed in the order are:
- Recovery of alleged inadmissible ITC: ₹5,22,692
- Penalty imposed: ₹10,45,384
- Interest calculated as per Section 50 of the CGST Act, 2017.
The aggregate demand involving the principal amount, penalty, and interest represents a significant, though isolated, fiscal event for the subsidiary.
Company Response and Impact Assessment
DOMS has confirmed that the subsidiary is actively evaluating appropriate legal remedies against the said Order. A formal response is being prepared to be filed within the mandated time limit.
Crucially, the management has assessed the situation and stated that there is no material impact on the overall financial position, operations, and/or other business activities of DOMS Industries Limited resulting from this specific demand order.
Source: BSE
