MIDC Demands GST and Interest Payment from Delta Manufacturing Limited for Past Services
Delta Manufacturing Limited has received a demand notice from the Maharashtra Industrial Development Corporation (MIDC) requiring payment of Goods and Service Tax (GST) and related interest pertaining to services rendered over several years. The company confirmed receipt of the demand through speed post on July 23, 2026.The demand relates to receipts for various services provided by MIDC where the tax obligation was not collected from Delta Manufacturing Limited. These services cover the period spanning from July 1, 2017, to September 4, 2022.
MIDC has demanded a total amount of ₹ 5,94,081.56. This amount comprises the GST demand and the accrued interest on the same. The details of the financial claim are as follows:
| Financial Item | Amount (₹) |
|---|---|
| GST Demand | 4,87,368 |
| Interest Demand | 1,06,713.56 |
| Total Demand | 5,94,081.56 |
The demand was issued by the MIDC based on a notice received from the Director General of GST intelligence. The company has stated that it is currently examining the demand and plans to submit an official reply within the prescribed timelines, guided by its consultants. The financial impact of this recoverable amount is limited to ₹ 5,94,081.56.
DELTAMAGNT Stock Price Movement
Shares of Delta Manufacturing Limited tumbled today, shedding 1.80% and closing at ₹57.31 after trading in the domestic market. The stock finished within an intraday range defined by a low of ₹56.34 and a high of ₹59.79.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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