V-Guard Industries has received a Goods and Services Tax (GST) demand order from the Excise and Taxation Officer in Gurgaon, Haryana, on December 23, 2025. The demand arises from discrepancies related to tax liability as per E Waybill and GSTR 3B for the financial year 2018-19. The total demand amounts to ₹77,20,327, including tax, interest, and penalty. The company is evaluating actions to challenge the order.
GST Demand Notice
V-Guard Industries has been notified of a GST demand order issued by the Excise and Taxation Officer, Gurgaon (West) Ward 8, Gurgaon, Haryana, on December 23, 2025. The company officially received the order on December 24, 2025.
Financial Details
The assessment period relates to FY 2018-19. The total demand of ₹77,20,327 comprises the following:
Tax: ₹23,44,788
Interest: ₹30,30,751
Penalty: ₹23,44,788
Reason for the Demand
The demand order has been issued due to a mismatch identified between tax liability as per E Waybill and GSTR 3B records in Haryana.
Company Response
V-Guard Industries is currently evaluating the demand order and considering appropriate actions to challenge it.
Source: BSE
