Atul Ltd. faces ₹16.77 crore GST demand and penalty
Atul Limited has received an order from the Joint Commissioner, GST & Central Excise, Surat, levying a Goods and Services Tax (GST) demand of ₹8.33 crore and a penalty of ₹8.44 crore. The authority al...
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Why is Atul Limited in the news today?
Atul Limited (ATUL) is in the news due to the company has been levied a significant gst demand and penalty, which is a negative development.
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Atul Ltd. faces ₹16.77 crore GST demand and penalty
January 1, 2026, 08:47 AM
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Atul Limited has received an order from the Joint Commissioner, GST & Central Excise, Surat, levying a Goods and Services Tax (GST) demand of ₹8.33 crore and a penalty of ₹8.44 crore. The authority alleges incorrect availment of input tax credit by the company in relation to transactions for construction and building-related work.
The order, passed under Section 74 of the GST Act, pertains to the financial years 2018-19 to 2022-23. The company received the order on its portal on December 31, 2025, at 6:06 pm.
Atul Limited stated that there is no material impact on its financials, operations, or other activities due to this order. The company intends to take necessary actions, including exercising its legal remedies, as the order is appealable.
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