Craftsman Automation Limited Receives Tax Order from CGST Faridabad
Craftsman Automation Limited announced that the Office of the Deputy Commissioner (DC), Division-West, CGST Faridabad, issued an order on March 30, 2026, under Section 74 of the Central Goods and Services Tax Act, 2017, for the Financial Year 2019-20.The order pertains to a tax demand of Rs. 11,07,211, along with applicable interest and a penalty equivalent to the tax amount, related to purported inadmissible Input Tax Credit (ITC). Additionally, a demand of Rs. 40,74,968 is outstanding for interest associated with alleged wrongful availment and utilization of ITC.
The company is currently evaluating the implications of the order and plans to pursue legal action, including filing an appeal. Craftsman Automation Limited anticipates minimal impact on its financials, operations, or other activities as a result of the order.
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