Rachana Infrastructure Limited Receives Order from GST Authority
Rachana Infrastructure Limited announced that it received an order from the Office of the Additional Commissioner, Central GST & Central Excise, Nagpur, Maharashtra, on March 30, 2026. The order, dated March 27, 2026, concerns the financial years 2019-20 and 2020-21.The Additional Commissioner has confirmed a demand of Rs. 11.69 crore, encompassing an equivalent amount of penalty and applicable interest, due to alleged availment and utilization of ineligible input tax credit.
The company intends to file an appeal before the Appellate authority and anticipates a favorable outcome. Rachana Infrastructure Limited does not expect the order to have a material impact on its financials, operations, or other activities.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the Authority | Additional Commissioner, Central GST &Central Excise, Nagpur, Maharashtra |
| 2 | Nature and details of the action(s) taken | The Additional Commissioner, CGST &Central Excise has confirmed the demand of Rs.11.69 Crore for the Financial Year 2019-20 and 2020-21 and equivalent amount of penalty and applicable interest thereon, on account of alleged availment & utilisation of ineligible input tax credit as per the provision of section 74 of CGST/Maharashtra GST Act |
| 3 | Date of receipt of order | Order No. 42/GST/ADC/VA/NGP-1/2025-26 dated 27 th March, 2026 and received by Company on 30 th March, 2026 |
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