Uno minda Limited has received a GST order directing payment of Rs. 50,88,607/- for excess Input Tax Credit claim related to the tax period 2019-20. The company disclosed this development under Schedule III of SEBI LODR Regulations on April 03, 2026.

GST Order Details

The ETO-cum-Proper Officer (GST), Ward 11, Gurugram (West), Haryana issued the order regarding excess claim of Input Tax Credit for the tax period 2019-20. The company received the order on April 03, 2026 around 11:15 A.M. (IST).

The order directs Uno Minda Limited to pay the following amounts:

Company's Response

Uno Minda Limited has indicated its intention to contest the GST order. The company stated that it does not anticipate or foresee any material impact on its financial, operational, or other activities from this development.

Regulatory Compliance

The disclosure was made in compliance with Sub-Para 20 of Para A of Part A of Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The communication was signed by Tarun Kumar Srivastava, Company Secretary & Compliance Officer, from the company's Manesar, Gurugram location.

The order pertains to alleged excess Input Tax Credit claims made by the company during the 2019-20 tax period, with the GST authorities imposing equal amounts as tax and penalty, along with additional interest charges.

Uno Minda Ltd has informed stock exchanges about a tax order received by its subsidiary Uno Mindarika Private Limited (MRPL) from tax authorities in Gurugram. The disclosure was made under Schedule III of SEBI LODR Regulations on March 31, 2026.

Tax Order Details

The Office of the Dy. Excise & Taxation Commissioner, Gurugram issued an order to MRPL regarding excess Input Tax Credit (ITC) claimed in GSTR-3B compared to GSTR-2A for the tax period 2019-20. The order was received by MRPL on March 30, 2026 around 07:45 P.M. (IST).

Company's Response

MRPL has expressed disagreement with the findings of the tax order and plans to file an appeal against the same. The subsidiary believes the order is not justified and will pursue legal remedies available under the tax regulations.

Impact Assessment

According to the company's disclosure, Uno Minda does not foresee any material impact on its financial, operational, or other activities due to this tax order. The company appears confident in its position and expects to successfully challenge the demand through the appellate process.

Regulatory Compliance

The disclosure was made in compliance with Sub-Para 20 of Para A of Part A of Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The communication was signed by Tarun Kumar Srivastava, Company Secretary & Compliance Officer, and filed with both NSE and BSE on March 31, 2026.

This development highlights the ongoing compliance challenges faced by companies in the GST regime, particularly regarding Input Tax Credit reconciliation between different GST returns.