Aksh Optifibre Receives GST Demand Order of ₹5.73 Crore
Aksh Optifibre Limited has received a Demand Order dated December 29, 2025, from the Deputy Commissioner-B, Business Audit, State Tax, Rajasthan, Jaipur. The order pertains to the tax period 2021-22 a...
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Why is Aksh Optifibre Limited in the news today?
Aksh Optifibre Limited (AKSHOPTFBR) is in the news due to the company has received a tax demand order, which is a negative development. however, a substantial portion of the demand is attributed to a rectifiable technical issue, and the company is confident in resolving it, with no material impact anticipated on operations. this balances the initial negative news.
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Aksh Optifibre Receives GST Demand Order of ₹5.73 Crore
December 30, 2025, 12:22 PM
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More Details on This News
Aksh Optifibre Limited has received a Demand Order dated December 29, 2025, from the Deputy Commissioner-B, Business Audit, State Tax, Rajasthan, Jaipur. The order pertains to the tax period 2021-22 and involves a tax demand of ₹5,73,47,563, along with applicable interest and penalty under the Rajasthan Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017.
The demand arises from audit proceedings and concerns matters such as the interpretation of provisions related to the reverse charge mechanism, interest computation, and input tax credit. Notably, ₹4,79,25,351 of the demand, along with interest and penalty, is attributed to a technical issue stemming from a system-related discrepancy in GSTR-9 filing, which is rectifiable.
The company is consulting with professionals to initiate appropriate rectification and legal remedies. Aksh Optifibre maintains a strong compliance framework and its management is confident in resolving the matter legally. The company currently foresees no material impact on its operations.
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