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...
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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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