Acetech E-Commerce Limited Receives Order Unblocking ₹5.08 Crore Input Tax Credit
Acetech E-Commerce Limited has received a favorable order from the Office of the Assistant Commissioner of Commercial Taxes in Bangalore, resulting in the immediate unblocking and restoration of Input Tax Credit (ITC) amounting to ₹5,08,33,520/-.The resolution was delivered by the Authority on June 25, 2026, directing the reversal of a prior blocking action related to IGST credit. The successful outcome represents a positive financial impact on the company's working capital and tax liquidity.
This order relates to the unblocking of ITC that had been held since March 5, 2024. The original blocking occurred following allegations regarding ineligible or disputed ITC availed by M/s. Acetech Ventures LLP during purchases made across various tax periods ranging from 2018-19 to 2023-24.
The resolution followed adjudication proceedings conducted by the Deputy Commissioner of Commercial Taxes (Audit)-6.1, DGSTO-6, Bangalore. After the completion of these procedures under Section 74(8) of the KGST/CGST Act, 2017, and following Acetech E-Commerce Limited's submission of necessary compliance documents, the Assistant Commissioner accepted the company’s representations, thereby resolving the dispute.
The details of the action taken by the authority are summarized below:
| Particulars | Details |
|---|---|
| Authority Passing Order | Office of the Assistant Commissioner of Commercial Taxes, LGSTO-066, Department of Commercial Taxes, Government of Karnataka. |
| Action Taken | Withdrawal of Blocking Order and Unblocking of IGST Credit amounting to ₹5,08,33,520/-. |
| Date of Receipt/Order | June 25, 2026 (Digitally signed by the authority on June 29, 2026). |
| Financial Impact | Immediate restoration of ₹5,08,33,520/- in the electronic credit ledger, positively impacting working capital and tax liquidity. |
ACETEC Stock Price Movement
Acetech E-Commerce Limited shares today settled, closing at ₹126.80 after a session characterized by flat trading with no change from the previous close. The stock maintained stability within its established price band as 85,200 units traded during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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