Vakrangee Ltd. Receives Demand Order from CGST & Central Excise
Vakrangee Limited announced that it received an order on March 30, 2026, from the Office of the Assistant Commissioner of CGST & Central Excise, Mumbai. The order details an aggregate demand of Rs. 25,17,600 in the Maharashtra State.The demand of Rs. 25,17,600 is comprised of a CGST amount of Rs. 12,58,800 and an SGST amount of Rs. 12,58,800. The order was issued under section 122(1)(ii) of the CGST Act, 2017, along with similar provisions under the MGST Act, 2017, and section 20 of the IGST Act, 2017.
The company stated that the demand relates to a disallowance of Input Tax Credit. Vakrangee Limited believes the demand is not maintainable and intends to file an appeal against the order.
According to the company, the demand is not expected to have a material impact on its financial, operational, or other activities.
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.