Tax Demand Imposed on Graphite India Ltd Over Alleged Excess Input Credit Availment
Graphite India Ltd has faced a tax order concerning the alleged excess availment of input credit, as stated by the Additional Commissioner (Appeals), State Tax, LTU. The order was issued under Section 73 of the CGST/WBGST Act, 2017, and dated July 20, 2026.The regulatory action pertains to the details of an order issued following the alleged contravention related to the excess availment of Input Credit.
Financial demands arising from this tax action have been detailed as follows:
| Type of Demand | Amount (IGST+CGST+SGST) |
|---|---|
| Tax | Rs. 35,98,869 |
| Interest | Rs. 35,52,232 |
| Penalty | Rs. 3,59,886 |
Graphite India Ltd has reviewed the order and stated that it understands that it availed only eligible Input Tax Credit based on valid documents in its possession. The company confirmed that there is no material impact of this demand on its financials. Graphite India is currently reviewing the decision and plans to prefer an appeal with the appropriate authority against the order.
GRAPHITE Stock Price Movement
Shares of Graphite India Limited are edging higher to ₹671.8 as of 1:08 PM, rallying by 2.11% in live trading. The stock saw solid activity during the session, with a total traded volume reaching 3.77 million shares.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.
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