TECHNOCRAFTechnocraft Ventures Ltd.
Technocraft Ventures wins GST appeal against ₹3.44 crore tax demand
- Legal
Reviewed byKeshav SehgalBlacklitt Research
Technocraft Ventures (NSE: TECHNOCRAF) said in a filing on 02 Nov 2026 that the Additional Commissioner, CGST (Appeals), Meerut, allowed its appeal against a tax demand of about ₹3.44 crore including an equal penalty. The order also covers consequential interest, and the amount of that interest is not stated.
Key highlights
- Tax demand set aside: ₹1.72 crore plus equal penalty of ₹1.72 crore
- Total demand including penalty: about ₹3.44 crore, excluding interest
- Pre-deposit made at appeal: ₹17.19 lakh
- Order-in-Appeal dated 19 Oct 2026, uploaded 2 Nov 2026
The GST order in numbers
| Item | Detail |
|---|---|
| Authority | Additional Commissioner, CGST (Appeals), Meerut |
| Order-in-Appeal | GZB/CGST/000/APPL-MRT/GZB/932/2026-27 dated 19 Oct 2026 |
| Order appealed against | Order-in-Original No. 17/CGST/Div-VI/2025-26 dated 10 Dec 2025 |
| Tax demand confirmed | ₹1.72 crore (CGST, SGST and IGST) |
| Equivalent penalty | ₹1.72 crore under Section 74 of the CGST Act, 2017 |
| Total demand, excluding interest | About ₹3.44 crore |
| Pre-deposit under Section 107(6) | ₹17.19 lakh |
| Order uploaded on GST portal | 2 Nov 2026 |
What the Appellate Authority found
The Appellate Authority allowed the Company's appeal against the Order-in-Original of 10 Dec 2025, which had been passed by the Assistant Commissioner, CGST, Division-VI, Ghaziabad. It observed that the Department had failed to establish fraud, wilful misstatement or suppression of facts with intent to evade tax, as required under Section 74 of the CGST Act, 2017.
It further held that the proceedings were barred by limitation under Section 73 of the CGST Act, 2017. On that basis the appeal was allowed, giving relief against the tax demand, the equivalent penalty and consequential interest.
Background to the proceedings
The case began with a Show Cause Notice dated 30 Jun 2025, issued after a DGARM Report dated 18 Jul 2022. The notice alleged discrepancies in Input Tax Credit claimed in Form GSTR-3B against Form GSTR-2A, and discrepancies in Form GSTR-9, for the financial years 2018-19 to 2020-21.
The company had already disclosed these proceedings in its Prospectus dated 12 Aug 2026, under the section on outstanding litigation. The company deposited ₹17.19 lakh as mandatory pre-deposit when it filed the appeal on 9 Mar 2026.
What the GST order means for Technocraft Ventures' shareholders
The order removes the tax demand, equal penalty and consequential interest confirmed at the first stage, according to the filing. The filing does not state the financial impact on the company's results or cash position, whether the pre-deposit of ₹17.19 lakh will be refunded, whether the department may appeal further, or the amount of interest involved.
The filing sets no further dated step for the company.
Filed with NSE on . Reference: Original filing (PDF)
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