DIC India Limited Receives Order Confirming Demand of Rs.17,32,208 from GST Authority
DIC India Limited confirmed receiving an order from the Joint Commissioner of Commercial Taxes (Appeals-8), Bangalore. The order, received on April 9, 2026, confirms and upholds an original adjudication order passed by the Deputy Commissioner of Commercial Taxes (Audit)-4.9, DGSTO-04, Bangalore. This matter relates to the tax period spanning July 2017 to March 2018.The confirmation relates to a demand order issued under Section 107(11) of the KGST Act, 2017, concerning alleged discrepancies in GST filings.
The total demand confirmed by the Joint Commissioner of Commercial Taxes (Appeals-8), Bangalore, amounts to Rs.17,32,208/-. This figure comprises the following components:
| Component | Amount |
|---|---|
| GST | Rs.8,14,112/- |
| Interest | Rs.8,36,684/- |
| Penalty | Rs.81,412/- |
The demand arises from alleged issues including a mismatch between GSTR 2A and GSTR 3B, a demand for GST on the recovery of R&D expenses from a foreign entity, and the denial of Input Tax Credit citing blocked credit.
The Company stated that it views the order passed by the Joint Commissioner as seemingly arbitrary, noting that the demands outlined do not appear sustainable and that the contentions made by the Company in the appeal were not duly considered.
Regarding the operational impact, the detailed review of the order found that there is no quantifiable impact on the financial, operation, or other activities of the Company, apart from the aforementioned demand. DIC India Limited indicated it is conducting a detailed review of the Order and will determine the next required step after a comprehensive analysis.
DICIND Stock Price Movement
Today, shares of DIC India Limited edged higher, closing at ₹520.85 after gaining 1.72%. The stock found support near its day low of ₹510.3, while intraday trading action saw it test as high as ₹526.05.Source:
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