APCOTEXINDApcotex Industries Ltd.
Apcotex Industries gets ₹16 lakh GST penalty order for FY21 to FY24 ITC
- Order win
Reviewed byKeshav SehgalBlacklitt Research
Apcotex Industries (NSE: APCOTEXIND) has received a penalty order of ₹16.37 lakh from the Assistant Commissioner, Division VI, CGST and Central Excise, Raigad Commissionerate, it said in a filing on 06 Nov 2026. The penalty relates to GST audit findings on input tax credit for April 2020 to March 2024.
Key highlights
- Penalty imposed: ₹16.37 lakh (₹16,36,985)
- Period covered: April 2020 to March 2024
- Order received: 6 Nov 2026 at 01.24 p.m.
- Company view: no material financial impact expected
The penalty order in numbers
| Item | Detail |
|---|---|
| Authority | Assistant Commissioner, Division VI, CGST and Central Excise, Raigad Commissionerate |
| Penalty | ₹16.37 lakh (₹16,36,985) |
| Subject | GST audit (ISD) findings on input tax credit |
| Period | April 2020 to March 2024 |
| Order received | 6 Nov 2026 at 01.24 p.m. |
| Acts cited | Maharashtra GST Act 2017, IGST Act 2017 and CGST Act 2017 |
What the order alleges
The order says the company availed ineligible input tax credit, excess input tax credit, or distributed input tax credit in the wrong proportion for the period from April 2020 to March 2024. The penalty is ₹16.37 lakh, and it is the only amount the filing states.
The filing does not say how the penalty was calculated or whether any tax demand or interest is payable in addition to it.
What the company says it will do
The company says it is evaluating the order and, based on the advice of counsel, will decide its further course of action. It also says it does not expect the order to have any material financial impact on the company.
The filing does not give the company's grounds for any appeal, or whether the penalty will be paid or stayed.
What the penalty order means for Apcotex Industries' shareholders
The penalty is small against the company's scale: the company reported standalone total income of ₹528.44 crore in Q1 FY27, and the order is ₹16.37 lakh. The company itself says it does not expect a material impact.
Not stated: whether the company will appeal, when the decision will be taken, and whether any further tax demand will follow. No next dated step is given in the filing.
Filed with BSE on . Reference: Original filing (PDF)
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