Uno Minda Limited Appeal Regarding GST Penalty Order on Foreign Transactions
Uno Minda Limited has received an order from the appellate authority concerning a dispute related to Goods and Services Tax (GST) non-payment on expenses reimbursed to foreign entities, services imported for technical and business support, and Corporate/Bank Guarantees provided for foreign entities. The company maintains that it does not foresee any material impact from this matter on its financial or operational activities.The dispute originated from a Penalty Order issued by the Office of Commissioner of Goods and Services Tax, Faridabad. This order demanded a penalty amounting to Rs. 1,71,52,785/- along with applicable interest.
Following the initial demand, Uno Minda Limited filed an appeal against the said Penalty Order. The Company subsequently filed an additional appeal on May 02, 2025 and May 03, 2025.
The matter has been reviewed by the appellate body, which is the Commissioner (Appeals) Central Goods and Services Tax, Gurugram. As a result of this review, the appellate authority remanded back the company’s appeal applications to the original authority that had passed the initial Penalty Order, instructing them to re-determine the amount of tax, along with applicable interest and penalty.
The company received the order directing this remand on July 13, 2026.
Key details regarding the appellate process are summarized below:
| Particulars | Details |
|---|---|
| Authority Name | Commissioner (Appeals) Central Goods and Services Tax, Gurugram |
| Penalty Order Demand | Rs. 1,71,52,785/- plus Interest |
| Appeal Filing Dates | May 02, 2025 and May 03, 2025 |
| Current Status of Action | Appellate authority remanded the appeal applications to re-determine tax amount to the original authority. |
The Company has stated that it does not foresee any material impact on its financial or operational activities stemming from this ongoing taxation matter.
UNOMINDA Stock Price Movement
UNO Minda Limited shares shed 0.95% in post-market trading today, settling at ₹1152.3 after a period of volatility. The stock saw considerable activity during the day, with 526,048 shares being traded.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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