DCX Systems Receives Tax Demand for Excess ITC Claim Pertaining to FY 2022-23
DCX Systems Ltd has received an order from the Commercial Taxes Department, Government of Karnataka, detailing a substantial tax demand related to an excess Input Tax Credit (ITC) claim made by the company.The company received electronic communication regarding the matter from the Office of the Deputy Commissioner of Commercial Taxes (Large Taxpayer Unit) on June 16, 2026. The order alleges that DCX Systems committed a contravention through an excess ITC Claim during the Financial Year 2022-23.
The department has demanded a total amount of Rs. 1,46,07,907 from DCX Systems Ltd. The demand comprises amounts for tax, interest, and penalty.
Financial details regarding the action taken by the Commercial Taxes Department are summarized below:
| Particulars | Amount (In Rupees) |
|---|---|
| Tax | 80,24,149 |
| Interest | 57,81,344 |
| Penalty | 8,02,414 |
| Total Demand | 1,46,07,907 |
According to the company's internal assessment of the matter, there is no material impact on the financial, operational activities of DCX Systems Ltd resulting from this order. The company stated that it is exploring avenues to challenge the department’s decision and plans to file an appeal before the appropriate authority in due course.
DCXINDIA Stock Price Movement
Today, shares of DCX Systems Limited edged higher, gaining 2.95% to settle at ₹193.81 after the stock closed the trading session. The equity saw a strong day within its narrow range, reaching an intraday high of ₹195.70 and completing trade volume of 1.37 million 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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