Multi Commodity Exchange (MCX) has received an order from the GST Department regarding a disallowance of Input Tax Credit (ITC) amounting to ₹3,10,51,914 for the financial years 2018-19 to 2021-22. The Commissioner (Appeal) has rejected the company’s appeal, upholding the original order. MCX is currently evaluating its options and responding accordingly.
Order Regarding Input Tax Credit
Multi Commodity Exchange (MCX) has received communication from the GST Department concerning Input Tax Credit (ITC). The communication, dated December 11, 2025, pertains to the disallowance of ITC claims made by the company.
Details of the Issue
The core issue relates to the availment of Input Tax Credit (ITC) amounting to ₹3,10,51,914. This disallowance spans across Financial Year 2018-19 to FY 2021-22.
Company Response and Impact
MCX has received communication regarding the rejection of appeal by the Commissioner (Appeal). The company is responding and assessing further steps. The financial impact involves the disallowance of the ₹3,10,51,914 ITC claim and the potential levy of a penalty and interest at applicable rates.
According to the exchange, there is no material impact on the financial operations of the company from this order.
Source: BSE