Sunlite Recycling Industries Limited Receives GST Order
Sunlite Recycling Industries Limited announced that it received a Goods and Services Tax (GST) order from the Office of the Assistant Commissioner of Jurisdiction: Gujarat on March 26, 2026.The order, issued under Section 74(1) of the CGST Act 2017/GGST Act 2017, relates to disallowed Input Tax Credit of Rs. 62,73,754/- and associated charges including interest and a penalty totaling Rs. 1,40,08,520/-.
According to previous disclosures to the stock exchange on September 18, 2025, and February 23, 2026, a previous order related to the same grounds had been set aside and all charges dropped. The company has stated that it will appeal the current order, citing procedural lapses and lack of opportunity for representation.
The company intends to file an appeal against the order and will pursue the matter through due legal process. Management stated that no material impact has occurred to the financials of the company. Further updates will be provided as required by regulatory guidelines.
| Name of the authority |
|---|
| O/o Assistant Commissioner of Jurisdiction: Gujarat |
| Nature and details of the action(s) taken, initiated or order(s) passed |
| Order has been passed under Section 74(1) of the CGST Act 2017/GGST Act 2017. |
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority |
| Pursuant to regulatory disclosure requirements, the company has received an order on 25/03/2026 in terms of Section 74 of the Goods and Services Tax Act, 2017 |
| Details of the violation(s)/ contravention(s) committed or alleged to be committed |
| The GST Department issued an Order dated 24/03/2026 regarding disallowed Input Tax Credit Rs. 62,73,754/- and charged Interest and imposed penalty of Rs. 1,40,08,520/- from the Company under Section 74(1) of the CGST Act 2017/GGST Act 2017. Further, the Company had already intimated the Stock Exchange dated 18/09/2025 and 23/02/2026 regarding impugned order passed by the GST Department was earlier set aside, and all charges were dropped. The present matter pertains to the same grounds and against this order, the Company preferred an appeal before the Appellate Authority. |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible |
| Since the final order has been passed by the GST Department, company is now going to make application to file an appeal against this order, citing procedural lapses, lack of opportunity for proper representation, and an excessive and unjustified determination of tax, penalty, and interest. The matter will be dealt |
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