Apcotex Industries fined ₹4.32 lakh by tax authorities over GST credit issue
Apcotex Industries Limited has received an order from the Assistant Commissioner of State Tax, INV-C, Mumbai, Maharashtra, imposing a penalty of ₹4,32,147. This penalty is related to an alleged blocke...
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Why is Apcotex Industries Limited in the news today?
Apcotex Industries Limited (APCOTEXIND) is in the news due to the company has been penalized by tax authorities, which is a negative event. however, the company is evaluating the order and expects no material financial impact, which mitigates the negativity.
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Apcotex Industries fined ₹4.32 lakh by tax authorities over GST credit issue
December 30, 2025, 12:42 PM
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Apcotex Industries Limited has received an order from the Assistant Commissioner of State Tax, INV-C, Mumbai, Maharashtra, imposing a penalty of ₹4,32,147. This penalty is related to an alleged blocked credit or ineligible Input Tax Credit (ITC) availed by the company for the period April 2018 to March 2019.
The order, received on 29th December 2025 at 21:38 hrs, demands tax of ₹3,91,714, interest of ₹5,07,468, and the aforementioned penalty of ₹4,32,147 under the Maharashtra GST Act, 2017, IGST Act, 2017, and CGST Act, 2017. The alleged violation pertains to availing blocked credit under Section 17(5) or ineligible ITC.
The company is currently evaluating the order and consulting with legal counsel to determine its further course of action. Apcotex Industries Limited stated that it does not anticipate a material financial impact on the company from this order.
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