KEI Industries Ltd
KEI Industries Ltd - 517569 - Disclosure Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulations, 2015
01 / The disclosure
What the company shared
This is with reference to our earlier communication dated 04.02.2025 intimating the GST Demand Order received from Joint Commissioner ( Office of Commissioner of Central Goods & Service Tax) Noida Audit Commissionerate, Noida dated February 03, 2025 in respect of GST Demand. We now to wish to inform you that the Company had further filed appeals against the aforesaid order and after due consideration the Commissioner (Appeals) Noida vide its order dated September 29, 2026 received on October 07, 2026 has further reduced the aforesaid GST demand.
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Rs. 2,23,13,702Page 2
2 Nature and details of the action(s) taken or order(s) passed Order for intimation of revised demand of Rs. 2,23,13,702/- and penalty of Rs. 2,23,13,702/- under Section 74(9) of the CGST/UPGST Act, 2017 on Road Restoration charges and set aside the demand with respect to availment of excess input tax credit in GSTR-3B in comparison to Input tax credit as per GSTR-2A (Table 8A of GSTR-9) and Interest on delayed billing of unbilled revenue.
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01This is with reference to our earlier communication dated February 04, 2025, intimating the GST Demand orders received from Joint Commissioner (Office of Commissioner of Central Goods & Services Tax), Noida Audit Commissionerate, Noida, dated February 03, 2025, in respect of GST Demand.
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02We now wish to inform you that the Company had further filed appeals against the aforesaid order and after due consideration the Commissioner (Appeals), Noida, vide its order dated September 29, 2026, received on October 07, 2026, has further reduced the aforesaid GST Demand.
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032 Nature and details of the action(s) taken or order(s) passed Order for intimation of revised demand of Rs. 2,23,13,702/- and penalty of Rs. 2,23,13,702/- under Section 74(9) of the CGST/UPGST Act, 2017 on Road Restoration charges and set aside the demand with respect to availment of excess input tax credit in GSTR-3B in comparison to Input tax credit as per GSTR-2A (Table 8A of GSTR-9) and Interest on delayed billing of unbilled revenue.
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044 Details of the violation(s) / contravention(s) committed or alleged to be committed For the financial year 2017-18, the authority has raised GST demand under reverse charge mechanism on road cutting charges ,availing excess input tax credit in GSTR-3B Return in comparison to Input tax credit as per GSTR-2A (Table 8A of GSTR-9) and Interest on delayed billing of unbilled revenue.
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055 Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible Based on Company’s assessment, the aforesaid demand is not maintainable and the Company is evaluating all options including filing an appeal with Goods and Services Tax Appellate Tribunal against the demand order.
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- Summary method
- Exchange-provided text; no generated financial figures
- Exchange identifier
- 695bdbf1-910a-446e-b1b1-e503814762e8
- First collected
- 8 Oct 2026, 21:03 IST
- PDF extraction
- extracted · 2 pages read
- Extraction note
- Source excerpts; financial tables have not been validated.
- Document SHA-256
- 20adf62b0e50e5ee704398fc996eca479b467ce1001cf9e97c073440fc1e29d8