Delhivery Faces Tax Demand and Penalty Following GST Order from Maharashtra Authority
Delhivery Limited has received an order under Section 74 of the CGST/Maharashtra GST Act, 2017, resulting in a significant tax demand and penalty. The order was issued by the Office of the Assistant Commissioner CGST - Maharashtra.The official notification confirmed that the matter relates to Financial Year (FY) 2020-21. The tax demand is set at ₹ 29,54,358/-, with an equal penalty amount imposed on the company.
Key details regarding the order and its impact are summarized below:
| Area | Details |
|---|---|
| Authority | Office of the Assistant Commissioner CGST - Maharashtra |
| Date of Order Receipt | July 09, 2026 |
| Violation Detail | The demand is based on the disallowance of input tax credit. |
The Company noted that it will be taking necessary steps regarding this order.
Financial and Operational Impact Assessment:
While the company has received the order pertaining to the disallowance of input tax credit, Delhivery Limited stated there is no material impact on its financials, operations, or other activities. The detailed specifics of the demand are provided in the table above.
ELECON Stock Price Movement
As of 11:54 AM, shares of Elecon Engineering Company Limited are slipping in live trading, shedding ₹6.55 or 1.28% and currently resting at ₹505.80. The stock has traded within a range of ₹503.40 to ₹522.10 so far today, with 228,160 shares traded.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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