Uno Minda’s subsidiary, Uno Mindarika Private Limited (MRPL), received an order from the Dy. Excise & Taxation Commissioner, Gurugram. The order relates to excess Input Tax Credit (ITC) claimed in GSTR-3B versus GSTR-2A for the Tax Period 2019-20. MRPL has been demanded to pay a total sum of ₹63,64,159, covering tax, penalty, and interest. The subsidiary disagrees with the findings and plans to file an appeal.
Disclosure Regarding Subsidiary Tax Order
Uno Minda Limited has disclosed details concerning an order received by its subsidiary, Uno Mindarika Private Limited (“MRPL”), pursuant to regulatory requirements. The communication was received by MRPL on March 30, 2026, at approximately 07:45 P.M. (IST).
Details of the Tax Assessment Order
The order originated from the Office of the Dy. Excise & Taxation Commissioner, Gurugram. The core issue cited is the excess Input Tax Credit (ITC) claimed by MRPL in GSTR-3B when compared against GSTR-2A for the Tax Period 2019-20.
The communication demands payment of the following amounts:
- Tax: Rs. 19,77,760/-
- Penalty: Rs. 19,77,760/-
- Interest: Rs. 23,07,639/-
The total monetary demand stemming from this order amounts to Rs. 62,63,159/- (Tax + Penalty + Interest).
Company Response and Impact Assessment
MRPL has formally stated its position, indicating that it disagrees with the findings of the Order and intends to file an appeal against the decision.
Regarding the consequence for the listed entity, The Company does not foresee any material impact on its financial or operational activities resulting from this specific order at this time.
Source: BSE
