Rachana Infrastructure Limited Receives Tax Demand Order from CGST Authority
Rachana Infrastructure Limited has received an Order-in-Appeal from the Commissioner of CGST & Central Excise (Appeals), Surat, concerning a demand for tax, applicable interest, and penalty under the Goods and Service Tax Act 2017.The demand stems from the alleged availment and utilization of ineligible input tax credit, as per the provision of section 74 of the CGST/Gujarat GST Act.
The Order-in-Appeal No. CCESA-SRT(APPEAL) RHM-529-530/2025-26 dated March 19, 2026, mandates a tax demand of Rs. 1.24 Crore, along with applicable interest and equivalent penalty.
Key details regarding the received order are provided in the following table:
| Particulars | Details |
|---|---|
| Name of the Authority | Commissioner of CGST & Central Excise (Appeals), Surat |
| Nature of Order | Demand for Tax, Interest, and Penalty under GST Act |
| Date of Receipt of Order | March 20, 2026 |
| Tax Demand Amount | Rs. 1.24 Crore |
The company noted that the Order-in-Appeal was received on March 20, 2026. Following receipt, the company conducted an internal assessment, including a prima facie assessment of the materiality, which involved verifying the tax, interest, and penalty components, and consulting with tax advisors and relevant functional departments.
Rachana Infrastructure Limited stated that it intends to file an appeal before the Appellate Tribunal within the time limit prescribed under GST law, and the company does not anticipate the order having a material impact on its financials, operations, or other activities.
RILINFRA Stock Price Movement
Today, Rachana Infrastructure Limited shares edged higher to close at ₹35.75, reflecting a 0.14% gain for the day. The stock concluded trading today on a total volume of 4,300 shares.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.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.