KRBL Ltd. Receives Order Regarding Goods and Services Tax Demand
KRBL Ltd. announced today that it received an order from the Office of the Assistant Commissioner, Central Goods and Services Tax, Sangrur, Punjab, dated March 30, 2026.The order, issued under Section 74 of the Central Goods & Services Tax Act, 2017, and related state and integrated tax acts, pertains to the financial year 2021-22. The order levies a tax demand of Rs. 457,390 and a penalty of Rs. 28,803,15.
According to the company, the order does not anticipate a significant impact on its financial, operational, or other activities. KRBL Ltd. intends to file an appeal with the appropriate authority regarding this matter.
Below is a summary of the order details:
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Name of the authority | Office of the Assistant Commissioner, Central Goods and Services Tax, Sangrur, Punjab |
| 2 | Nature and details of the action(s) taken or order(s) passed | Tax demand of Rs. 457,390 and penalty of Rs. 28,803,15 for the Financial Year 2021-22. |
| 3 | Date of receipt of direction or order | March 30, 2026 |
| 4 | Details of the Violation(s)/ Contravention(s) Committed or alleged to be committed | Order passed by the Assistant Commissioner under the provisions of Section 74 of CGST Act, 2017. |
| 5 | Impact on financial, operation or other activities | No significant impact anticipated. |
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