Shervani Industrial Syndicate Ltd. Receives GST Order and Plans Appeal
Shervani Industrial Syndicate Ltd. announced today, March 25, 2026, that it received an order from the Assistant Commissioner, CGST & Central Excise Division-II, Allahabad. The order, reference number ZD0903261671574, was issued on March 24, 2026, and pertains to a demand of Rs. 1,33,96,340, along with interest and penalties under sections 74 and 50 of the CGST Act, 2017, and corresponding provisions of the U.P. GST Act, 2017.The order relates to the alleged non-payment of Goods and Services Tax under reverse charge on the purchase of FAR from the Prayagraj Development Authority for the fiscal years 2019-20, 2020-21, 2021-22, and 2022-23.
According to the company, the order does not have an impact on its financial or operational activities. Shervani Industrial Syndicate Ltd. intends to file an appeal against the demand within the prescribed timeline.
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