DIC India Ltd. Receives Demand Order for ₹2,81,472
DIC India Limited announced today, April 3, 2026, that it received a demand order from the Superintendent of GST, Range-III Ambattur Division North Chennai. The order, issued under Section 74 (1) & (9) of the CGST/TNGST Act, 2017, totals ₹2,81,472. This includes ₹1,40,736 in tax, ₹1,40,736 in penalty, and applicable interest.The demand is related to an alleged duplicate generation of E-Way Bills during the financial years 2019-20 to 2021-22.
According to the company, the demand has no impact on its financial, operational, or other activities beyond the monetary value of the order. DIC India Limited has engaged a consultant to review the order and will determine subsequent actions following a comprehensive analysis.
Table: Details of Demand Order
| Detail | Information |
|---|---|
| Authority | Superintendent of GST, Range-III Ambattur Division |
| Total Demand | ₹2,81,472 |
| Tax Amount | ₹1,40,736 |
| Penalty Amount | ₹1,40,736 |
| Period of Alleged Violation | FY 2019-20 to FY 2021-22 |
| Impact on Company Activities | None, except as stated above |
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