Aeroflex Industries Limited Receives Order from Central GST Commissionerate
Aeroflex Industries Limited received an order from the Office of the Superintendent, Central GST Commissionerate, Raigad. The issue concerns the input tax credit related to expenses incurred during the Initial Public Offering (IPO) and other associated matters for the tax period spanning from April 2021 to March 2024.The order, issued under Section 74 of the CGST Act 2017 and corresponding rules, raised a demand totaling Rs. 7,19,40,570/-. This demand comprises a primary amount of Rs. 3,59,70,285/- plus an equal penalty of Rs. 3,59,70,285/-.
Key details regarding the action taken are provided below:
| Particulars | Details |
|---|---|
| Name of the Authority | Office of the Superintendent, Central GST Commissionerate, Raigad |
| Nature of Action | Demand for input tax credit on IPO and related expenses for April 2021 to March 2024 |
| Total Amount Demanded | Rs. 7,19,40,570/- |
| Date of Order | April 7, 2026 |
The Company stated that the order was uploaded on the GST portal on April 7, 2026, and the Company became aware of it on April 8, 2026.
Aeroflex Industries Limited indicated that it plans to file an appeal before the Appellate Authority within the time limit prescribed by law. The company expressed confidence in a favorable outcome, asserting that the order is not expected to have a material financial impact on the company.
AEROFLEX Stock Price Movement
Today, Aeroflex Industries Limited shares rallied to settle at ₹261.61, posting a strong 6.51% gain in post-market trading. The stock achieved a significant trading volume of 2.26 million shares while closing near its 52-week high of ₹266.8.Source:
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