Aksh Optifibre Receives Rectification Order Regarding Tax Demand
March 25, 2026 – Aksh Optifibre Ltd. announced today that the Deputy Commissioner, Rajasthan State Tax, Jaipur, issued a Rectification Order on March 25, 2026, addressing an Original Demand dated December 29, 2025.The rectification reduces the original tax demand from ₹5,73,47,563 (Rupees Five Crores Seventy-Three Lakhs Forty-Seven Thousand Five Hundred Sixty-Three Only), including applicable interest and penalty, to ₹94,22,212 (Rupees Ninety-Four Lakhs Twenty-Two Thousand Two Hundred Twelve Only), with applicable interest and penalty.
Aksh Optifibre is currently preparing to file an appeal against the remaining balance of the demand. The company does not anticipate a material impact on its financials, operations, or other activities.
Details of the Rectification Order:
| Sr. No. | Particulars | Information |
|---|---|---|
| 1 | Name of the authority | Office of the Deputy Commissioner-B, Business Audit, Wing - VI, State Tax, Rajasthan, Jaipur |
| 2 | Nature and details of the action(s) taken | Rectification of Demand Order issued by the Office of the Deputy Commissioner-B, Business Audit, Wing - VI, State Tax, Rajasthan, Jaipur |
| 3 | Date of receipt of direction or order | March 25, 2026 |
| 4 | Details of the violation(s) | Demand raised under Sections 73, 50 and 73(9) of the Rajasthan Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017, read with Section 20 of the Integrated Goods and Services Tax Act, 2017 and the rules made thereunder |
| 5 | Impact on financial, operation or other activities | The Original tax demand of Rs. 5,73,47,563, along with applicable interest and penalty has been revised to Rs. 94,22,212, along with applicable interest and penalty. The company foresees no material impact on its operations. |
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