Flair Writing Industries Limited has received a modified order from the Appellate Authority under Section 73 of the CGST Act, 2017, for the Financial Year 2020-21. The company was initially served with an Order-in-Original dated January 30, 2025, which disallowed Input Tax Credit (ITC) amounting to ₹49,32,741 and imposed a penalty of ₹4,93,274. Following a reply submitted by the company, the Appellate Authority has modified the earlier order. The disallowance of ITC has been reduced to ₹6,68,664, with a corresponding reduction in penalty to ₹66,886. The order was received on February 05, 2026. The company, however, stated that it intends to file a further appeal challenging this modified order based on strong merits. Flair Writing Industries Limited has indicated that there is no material impact on its financials, operations, or other activities due to this intimation of modification of the order, with the impact limited to the extent of the final tax liability, interest, and penalty, if any.
