Indo Rama Synthetics Faces GST Demand Order of ₹10.11 Crore

Indo Rama Synthetics (India) Limited has received an Order for the determination of dues to be paid under Section 73 of the MGST/CGST Act, 2017, from the Department of Goods and Service Tax, Governmen...

Indo Rama Synthetics (India) Limited has received an Order for the determination of dues to be paid under Section 73 of the MGST/CGST Act, 2017, from the Department of Goods and Service Tax, Government of Maharashtra, Nagpur. The order pertains to the recovery of ₹10,115,356 (₹10.11 Crore) for the financial year 2021-2022, which includes tax, interest, and penalty. This demand order was raised due to alleged discrepancies or unreconciled liabilities related to Reverse Charge Mechanism (RCM) on Freight/Carriage expenses. The company received this order on December 29, 2025, at 20:04 Hrs. The financial implication is subject to the outcome of the ongoing proceedings.

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Why is Indo Rama Synthetics (India) Limited in the news today?

Indo Rama Synthetics (India) Limited (INDORAMA) is in the news due to the company has received a demand order for tax, interest, and penalty, which is a negative development.

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Indo Rama Synthetics Faces GST Demand Order of ₹10.11 Crore

December 30, 2025, 07:52 AM

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Indo Rama Synthetics (India) Limited has received an Order for the determination of dues to be paid under Section 73 of the MGST/CGST Act, 2017, from the Department of Goods and Service Tax, Government of Maharashtra, Nagpur.

The order pertains to the recovery of ₹10,115,356 (₹10.11 Crore) for the financial year 2021-2022, which includes tax, interest, and penalty.

This demand order was raised due to alleged discrepancies or unreconciled liabilities related to Reverse Charge Mechanism (RCM) on Freight/Carriage expenses. The company received this order on December 29, 2025, at 20:04 Hrs. The financial implication is subject to the outcome of the ongoing proceedings.

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