KRBL Limited has received an official Order from the Office of the Assistant Commissioner, Central Goods and Services Tax, Sangrur, Punjab, dated March 30, 2026. The order relates to the Financial Year 2021-22, imposing a tax demand of Rs. 4,57,390/- and a significant penalty of Rs. 28,80,315/- under Section 74 of the CGST Act. The company stated there is no significant impact on its operations and intends to file an appeal.
Receipt of Regulatory Order from GST Authority
KRBL Limited hereby discloses the receipt of an official Order passed by the Assistant Commissioner, Central Goods and Services Tax, Sangrur, Punjab. The Order is dated March 30, 2026, pertaining to the tax demands for the Financial Year 2021-22.
Details of the Tax Demand and Penalty
The action taken involves an Order passed under Section 74 of the Central Goods & Services Tax Act, 2017 (and related state/integrated acts). The specifics of the financial imposition are as follows:
- Tax Demand raised: Rs. 4,57,390 /-
- Penalty levied: Rs. 28,80,315 /-
The alleged contravention committed or alleged to be committed falls under the provisions of Section 74 of the CGST Act, 2017.
Company Response and Financial Impact Assessment
Regarding the financial implications, the management of KRBL Limited has confirmed that there is no significant impact on the financial, operational, or other activities of the company following this Order. Furthermore, the company has stated its intention to challenge this ruling, as it plans to file for an appeal with the Appropriate Authority concerning the matter.
Source: BSE
