Grindwell Norton: GST Authority Drops ₹12.98 Cr Demand for ITC Mismatch
Grindwell Norton Limited has received an intimation from the Goods and Service Tax (GST) Authority regarding the drop of proceedings against a demand previously raised under section 73. Further to t...
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Why is Grindwell Norton Limited in the news today?
Grindwell Norton Limited (GRINDWELL) is in the news due to the company received a favorable outcome from the gst authority, with a demand of ₹12.98 crore being dropped.
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Grindwell Norton: GST Authority Drops ₹12.98 Cr Demand for ITC Mismatch
December 26, 2025, 12:19 PM
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Grindwell Norton Limited has received an intimation from the Goods and Service Tax (GST) Authority regarding the drop of proceedings against a demand previously raised under section 73.
Further to the company's intimation dated September 30, 2025, concerning Show Cause Notices proposing a demand for tax, interest, and penalty aggregating to ₹36.55 crore, the GST Authority has now issued a final order. This order pertains to one of the Show Cause Notices related to an Input Tax Credit (ITC) mismatch for the period 2021-22, amounting to ₹12.98 crore. Following the company's submissions and representations, the GST Authority has dropped this demand to NIL.
The company also stated that another Show Cause Notice amounting to ₹23.57 crore, concerning material movements for job-work transactions, is still pending adjudication.
Grindwell Norton has confirmed that there is no material impact on the financial, operational, or other activities of the company as a result of this development.
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