Mangal Electrical Industries Receives GST Appellate Order Worth ₹55.73 Lakhs
Mangal Electrical Industries Limited disclosed receiving a GST appellate authority order involving ₹55.73 lakhs for alleged excess availment of Input Tax Credit in FY 2017-18. The company received the order on April 08, 2026, through the GST portal and filed the mandatory disclosure on April 16, 2026. The company plans to appeal the order before the Appellate Tribunal based on factual position and legal counsel advice.
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Mangal Electrical Industries Limited has received a GST appellate authority order involving ₹55.73 lakhs for alleged excess availment of Input Tax Credit. The company disclosed this regulatory development through a corporate announcement filed with stock exchanges on April 16, 2026, under Regulation 30 of SEBI Listing Regulations.
GST Order Details
The appellate authority order was passed in appeal No. 115/AA-I/GST/2023-24 by the Office of the Appellate Authority (Government of Rajasthan) State Tax, Jaipur-First. The order pertains to alleged excess availment of Input Tax Credit and related discrepancies in GST returns for the financial year 2017-18.
| Parameter: | Details |
|---|---|
| Appeal Number: | 115/AA-I/GST/2023-24 |
| Issuing Authority: | Office of the Appellate Authority, Rajasthan State Tax |
| Financial Impact: | ₹55.73 lakhs (including tax, interest and penalty) |
| Order Receipt Date: | April 08, 2026 (on portal) |
| Disclosure Date: | April 16, 2026 |
Violation Allegations
The GST order addresses alleged excess availment of Input Tax Credit and related discrepancies in the company's GST returns for FY 2017-18. The order was passed under the provisions of the GST Act, 2017, specifically pertaining to input tax credit and tax demand issues.
| Compliance Details: | Information |
|---|---|
| Violation Period: | FY 2017-18 |
| Primary Issue: | Alleged excess availment of Input Tax Credit |
| Secondary Issue: | Related discrepancies in GST returns |
| Legal Framework: | GST Act, 2017 provisions |
Company's Response Strategy
Based on the merits of the matter, factual position, prevailing law, and advice from counsel/consultant, Mangal Electrical Industries plans to file an appeal against this order before the Appellate Tribunal. The company will present factual position and proper documentation to support its case.
Financial and Operational Impact
The company has assessed the immediate impact of this GST order on its operations. The total financial exposure amounts to approximately ₹55.73 lakhs, which includes tax, interest, and penalty components as determined by the appellate authority.
Company Secretary & Compliance Officer Naresh Kumar Sharma signed the disclosure communication, ensuring compliance with SEBI Listing Regulations. The company has committed to inform stock exchanges of any material developments on this matter in accordance with Regulation 30(7) of the SEBI Listing Regulations.
Historical Stock Returns for Mangal Electrical Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.38% | +4.44% | +38.78% | -35.56% | -43.40% | -43.40% |
What are the potential outcomes if Mangal Electrical Industries' appeal to the Appellate Tribunal is unsuccessful?
How might this GST dispute affect the company's cash flow and working capital management in the coming quarters?
Could this regulatory issue trigger increased GST scrutiny of Mangal Electrical's other financial years or subsidiaries?
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