R R Kabel Limited Faces Appeals in GST Refund Dispute

R R Kabel Limited Faces Appeals in GST Refund Dispute

R R Kabel Limited Faces Appeals in GST Refund Dispute​

R R Kabel Limited announced that the Principal Commissioner/Commissioner, CGST & CE, Vadodara-I Commissionerate has filed appeals against Order-In-Appeal Nos. VAD-CGST-001-APP-COMMR-231-2024-25 and VAD-CGST-001-APP-COMMR-230-2024-25, issued September 26, 2024.

The appeals concern a refund dispute where the Department alleges erroneous refund under Section 73(1) of the CGST Act, 2017, along with interest under Section 50 and penalty under Sections 73(9) and 122. The company maintains the refund was correctly claimed under Section 54(3). The appellate authority had previously accepted the company's position and dropped the demand.

The appeals challenge the grant of refunds totaling ₹36,90,78,517, comprising ₹5,16,77,444 for October 2018 to November 2018 and ₹31,74,01,073 for April 2019 to September 2021, along with applicable penalties. A summary of the details is presented below:

ParticularsDetails
Name of the opposing partyThe Principal Commissioner/Commissioner, CGST& CE, Vadodara-I Commissionerate
Court/TribunalGoods and Services Tax Appellate Tribunal (GSTAT)
Quantum of claimsAppeals cover refunds of ₹5,16,77,444 (October 2018 to November 2018) and ₹31,74,01,073 (April 2019 to September 2021), plus penalties of ₹51,67,744 and ₹3,17,40,107, respectively.
Expected financial implicationsThe company does not anticipate material financial implications from the appeals.
The company does not expect any material financial implications as a result of the appeals.

Source:​

 

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.

The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.

Back
Top