V-Mart Retail Receives GST Demand Order of ₹82.21 Lakhs, Appeals Penalty
V-Mart Retail Limited has received a demand order from the State Tax Officer, Kashmir, Jammu and Kashmir, concerning the Financial Year 2021-22. The communication, received on December 19, 2025, pert...
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Why is V-Mart Retail Limited in the news today?
V-Mart Retail Limited (VMART) is in the news due to the company has received a demand order and a penalty from the gst authorities, which has negative financial implications.
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V-Mart Retail Receives GST Demand Order of ₹82.21 Lakhs, Appeals Penalty
December 20, 2025, 07:25 AM
V-Mart Retail Limited has received a demand order from the State Tax Officer, Kashmir, Jammu and Kashmir, concerning the Financial Year 2021-22.
The communication, received on December 19, 2025, pertains to a variance in the Input Tax Credit (ITC) claimed by the company and assessed by the Assessing Officer. The total demand order amounts to ₹82,20,971, which includes a penalty of ₹4,92,532.
The company intends to file an appeal before the GST Appellate Authority against this order and the imposed penalty.
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