Swaraj Engines Receives Penalty Order of ₹9.55 Lakhs, Appeals Expected
Swaraj Engines Limited has announced the receipt of a demand order from the Assistant Commissioner of State Tax, SAS Nagar, Punjab. The order imposes a penalty of ₹9,55,300 under the PGST/CGST Act, 20...
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Why is Swaraj Engines Limited in the news today?
Swaraj Engines Limited (SWARAJENG) is in the news due to the company received a penalty order, which is negative. however, they are planning to appeal and expect no material financial impact, which mitigates the negativity.
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Swaraj Engines Receives Penalty Order of ₹9.55 Lakhs, Appeals Expected
December 31, 2025, 11:09 AM
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More Details on This News
Swaraj Engines Limited has announced the receipt of a demand order from the Assistant Commissioner of State Tax, SAS Nagar, Punjab. The order imposes a penalty of ₹9,55,300 under the PGST/CGST Act, 2017.
This penalty relates to Input Tax Credit (ITC) claimed on purchases from cancelled dealers, ineligible ITC claimed under Section 17(5), and credit wrongly availed due to an incorrect place of supply mentioned by a supplier during the Financial Year 2021-22.
The company received the order on December 30, 2025, at 11:02 PM. Swaraj Engines Limited has assessed the situation and plans to file an appeal, expressing optimism for a favorable outcome at the appellate level. The company anticipates that this order will not have any material financial impact.
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