Black Buck Ltd receives GST tax enforcement orders and pays penalties
Black Buck Limited, formerly known as Zinka Logistics Solutions Limited, has received two orders from the Office of the Additional Commissioner of Commercial Taxes (Enforcement), South Zone, Karnataka. These orders relate to procedural observations concerning the issuance of tax invoices and the submission of requisite information under the Karnataka Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017.The company has confirmed that it paid the penalty amounts imposed by the Appropriate Authorities for both orders.
Details of GST Enforcement Orders
The two orders were received on June 17, 2026, and pertain to specific contraventions under the GST Acts, each carrying a substantial penalty fine. The details of the matters are summarized below:| Order Focus | Alleged Contravention | Relevant Section/Rule | Penalty Imposed | Applicable Assessment Year (AY) |
|---|---|---|---|---|
| Tax Invoice Issuance | Failure to issue tax invoices in respect of certain transactions. | Section 122(1)(i)/125 of the KGST/CGST Act, read with Section 31 of GST Acts and Rule 46 of CGST Rules. | ₹50,000 | 2023-24 |
| Information Submission | Failure to furnish information or documents sought by the authorities during proceedings. | Section 122(1)(xvii) of the KGST/CGST Act and Section 70 of the Act. | ₹50,000 | 2025-26 |
Financial Implications and Actions Taken
The two orders result in an aggregate penalty amount of ₹1,00,000. This total fine comprises ₹50,000 levied under each respective order, with the amounts comprising ₹25,000 each under both the CGST Act and the KGST Act.Regarding the financial standing of Black Buck Ltd, the company stated that neither set of orders has any material impact on its financial, operational, or other activities.
The management confirmed that the Company paid the penalty amount to the Appropriate Authorities in relation to these notices.
BLACKBUCK Stock Price Movement
As of 3:30 PM, shares of BLACKBUCK LIMITED gain ground in live trading, moving up 0.24% to trade at ₹549.8. The stock currently reflects a robust demand as it registers a total traded volume of 330,134 shares.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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