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Eicher Motors Receives GST Demand Orders of ₹12.8 Crore Due to Credit Mismatches

Eicher Motors Receives GST Demand Orders from Multiple Authorities

A GST demand order has been obtained for Eicher Motors Limited from the Office of the Assistant Commissioner, CGST, Jaipur; Office of the Principal Commissioner, CGST & Central Excise, Lucknow and Office of the Commissioner, CGST, Delhi South Commissionerate, New Delhi, as per the Company’s exchange filing.

A demand order has been issued by the Office of the Assistant Commissioner, CGST, Jaipur for an aggregate amount of ₹ 0.62 Crs (which includes a tax demand of ₹ 0.31 Crs & a penalty of ₹ 0.31 Crs) for the financial year 2017-18 to 2021- 22, the officer has raised GST demand on account of blocked credits.

Joint Commissioner, CGST & Central Excise, Lucknow allocated a GST Demand order for an aggregate amount of ₹ 6.64 Crs (which includes tax demand of ₹ 3.32 Crs and penalty of Rs 3.32 Crs) on account of transitional credit availed by the Company during the period July 2017.

Additional Commissioner, CGST, Delhi South Commissionerate, New Delhi allocated demand order for an aggregate amount of Rs. 5.54 Crs (which contains tax demand of Rs 2.73 Crs & penalty of Rs. 2.81 Crs) for the financial year 2017-18 to 2020-21, the officer has raised GST demand concerning GST credit mismatch between ITC availed via the Company in GSTR-3B and details reported by suppliers shown in GSTR-2A.

The company may contest the demand orders to the relevant authority. The company, in their exchange filing, mentioned that “Based on the Company’s assessment, the aforesaid demand is not maintainable, and the Company is evaluating all options including filing an appeal against the order.”

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Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
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