Isgec Heavy Engineering fined ₹17.34 Lakh by Tax Authority
Isgec Heavy Engineering Limited has received an order from the Assistant Commissioner of Central Tax, Bangalore East Commissionerate, imposing a penalty of ₹17,33,779/- The tax demand of ₹73,37,786/-...
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Why is Isgec Heavy Engineering Limited in the news today?
Isgec Heavy Engineering Limited (ISGEC) is in the news due to the company has been imposed a penalty and a tax demand by the tax authorities, which has a negative financial impact.
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Isgec Heavy Engineering fined ₹17.34 Lakh by Tax Authority
December 31, 2025, 12:43 PM
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More Details on This News
Isgec Heavy Engineering Limited has received an order from the Assistant Commissioner of Central Tax, Bangalore East Commissionerate, imposing a penalty of ₹17,33,779/-
The tax demand of ₹73,37,786/- and the penalty were raised on the grounds that the reconciliation reported in Column 12F of GSTR-9C was not accepted by the department.
The total financial impact amounts to ₹90,71,565/-, comprising the tax demand and the penalty. The company intends to file an appeal against this order under the Goods and Services Tax Act.
This intimation is being published on the company's website, www.isgec.com.
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