DIC India Limited’s Tax Appeal Success: Appellate Commissioner Sets Aside Original GST Demand
DIC India Limited has successfully appealed a tax demand issued under the UPGST Act, with an appellate authority passing a final order in favour of the company. The original demand, which had been issued previously, has now been set aside by the learned Additional Commissioner (Appeals), Noida.The appeal concerned a demand notice that was initially raised by the Assistant Commissioner (in-situ), CGST, Range-23, Division-V, Noida. This initial order, dated December 31, 2025, alleged non-payment of GST regarding the recovery of R&D fees from foreign entities through the issuance of Debit Notes.
The original demand imposed a total amount of ₹ 6,61,766. This sum was comprised of a tax amount of ₹ 6,01,606 and a penalty of ₹ 60,160.
The appeal was heard before the Additional Commissioner (Appeals), Noida, and a Final Order was passed on July 14, 2026, resulting in the setting aside of the initial demand.
Key details of the matter are summarized below:
| Aspect | Details |
|---|---|
| Original Issuing Authority | Assistant Commissioner (in-situ), CGST, Range-23, Division-V, Noida |
| Appellate Authority | Additional Commissioner (Appeals), DIVISION II BAREILLY:GAUTAM BUDDHA NAGAR: MEERUT: CBIC |
| Date of Final Order | July 14, 2026 |
| Original Demand Amount | ₹ 6,61,766 |
| Tax Component | ₹ 6,01,606 |
| Penalty Component | ₹ 60,160 |
The appellate order specifically addressed the allegation concerning non-payment of GST related to R&D fee recovery from foreign entities, which was initially detailed in the original Order-in-Original.
Regarding operational and financial impact, the company confirmed that there is no adverse effect on its financial or operating activities as the matter has been decided favorably by the appellate authority.
DICIND Stock Price Movement
Shares of DIC India Limited today slipped by 1.06% to settle at ₹518.05 after a sluggish session in the market. The stock traded within an intraday band, finishing near its low of ₹511.5 as trading concluded.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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