OtherFiled on BSE ·
ideaForge Technology Limited receives ₹54.59 crore GST tax and penalty demand order
Ideaforge Tech · Aerospace & Defense
What the filing says
- Order dated October 1, 2026, from Additional Commissioner CGST & Central Excise, Belapur, demands ₹54.59 crore tax and equal penalty for January 2022 to March 2024 under Section 74 of CGST Act.
- Alleged short payment due to charging 5% GST instead of 18% on drones; government clarified GST rate for drones is 5% in 2025.
- Company sees no immediate material financial or operational impact, plans to appeal the order.
Original filing
Intimation Under Regulation 30- Order Received By The Company Under Section 74 Of The CGST Act.
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.