DIC India Limited Receives ₹6.6 Lakh GST Demand Order for FY22
DIC India Limited has received a demand order from the Assistant Commissioner, CGST-Range 23, Division V, Noida, Uttar Pradesh, under Section 73 of the Uttar Pradesh Goods and Services Tax Act, 2017. ...
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Why is DIC India Limited in the news today?
DIC India Limited (DICIND) is in the news due to the announcement reports a demand order for gst and penalty. while it's a negative event in itself, the company states there is no impact on its financial or operational activities and is reviewing the order. this balance keeps the sentiment neutral.
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DIC India Limited Receives ₹6.6 Lakh GST Demand Order for FY22
December 31, 2025, 01:31 PM
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More Details on This News
DIC India Limited has received a demand order from the Assistant Commissioner, CGST-Range 23, Division V, Noida, Uttar Pradesh, under Section 73 of the Uttar Pradesh Goods and Services Tax Act, 2017. The order raises a total demand of ₹6,61,766, comprising a GST amount of ₹6,01,606 and a penalty of ₹60,160.
This demand is alleged to be on account of non-payment of GST against the recovery of R&D fees from a foreign entity through the issuance of debit notes for the financial year 2021-2022. The company received this order on December 31st, 2025.
DIC India Limited has stated that there is no impact on its financial, operational, or other activities, except for the aforementioned demand. The company is currently conducting a detailed review of the order and will decide on the next course of action after a comprehensive analysis.
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