Trident Limited has announced that the Office of the Principal Commissioner, Central Goods and Services Tax, Commissionerate, Ludhiana, has dropped proceedings initiated under a previously issued Show Cause Notice dated June 30, 2025. The dropped proceedings related to a demand for ₹51,86,59,521. The order, issued on September 19, 2025, concluded that no suppression of outward tax liability was found, and Input Tax Credit (ITC) was correctly availed.
Favorable Resolution of Tax Matter
Trident Limited received an order on September 19, 2025, from the Office of the Principal Commissioner, Central Goods and Services Tax, Commissionerate, Ludhiana, resolving a previously raised issue. The tax authority has officially dropped proceedings related to a Show Cause Notice.
Details of the Dropped Proceedings
The proceedings, which originated from a notice dated June 30, 2025, pertained to an alleged demand of tax dues amounting to ₹51,86,59,521, inclusive of interest and potential penalties, for the financial years 2018-19 and 2020-21. The order explicitly states that no suppression of outward tax liability was detected based on discrepancies between E-way Bills and GST returns. Furthermore, it was affirmed that Input Tax Credit (ITC) had been appropriately claimed by the company.
Financial Implications
As a result of the favorable order, there is no expected adverse financial impact on Trident Limited. The company has expressed satisfaction with the outcome.
Source: BSE
