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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Afcons Infrastructure Ltd

Afcons Infrastructure receives Rs. 1.18 Crore GST demand order

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 09 Oct 2026, 04:24 PM IST  ·  BSE ID: 3387167a-23f6-4426-8928-98619a48cbe1
View Original BSE Filing (PDF)
💡
In Simple Terms
Afcons Infrastructure received a government tax demand of over Rs. 1.18 Crore, which it plans to challenge.
🤖 AI Summary
  • Afcons Infrastructure received a demand order of Rs. 1,18,38,402/- from CGST.
  • Order pertains to excess Input Tax Credit availed and utilized for FY 2020-21.
  • Demand includes Rs. 59,19,201/- tax and Rs. 59,19,201/- penalty.
  • Company disputes the order and plans to file an appeal with the appellate authority.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Proposed demand aggregating
Rs. 1,18,38,402/-
Tax component
Rs. 59,19,201/-
Penalty component
Rs. 59,19,201/-
Financial Year
FY 2020-21
🏢 How This Affects the Company
💰
Financial Impact
The company disputes the demand and intends to appeal, stating there is no financial impact. However, a successful appeal is required to resolve the matter.
⚠️
Risk Impact
This order introduces a contingent liability and requires the company to engage in legal proceedings to contest the tax demand.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders.
👤
Who Is Affected
All shareholders are affected by potential contingent liabilities, although the company states no financial impact currently.
🔍
Management Signal
Management signals a commitment to contesting regulatory actions through established legal channels.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Status of the appeal filed with the appellate authority.
Any further communication or orders from the CGST authority.
Updated financial disclosures if the dispute outcome impacts financials.
MEDIUM RISK A tax demand order, even if disputed, represents a contingent liability requiring resolution.
💡 Investor Takeaway
Afcons Infrastructure received a Rs. 1,18,38,402/- demand order for excess Input Tax Credit for FY 2020-21, which it disputes and will appeal.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Demand order of Rs. 1,18,38,402/- issued for excess Input Tax Credit for FY 2020-21.
❓ Frequently Asked Questions
What is the total demand order received by Afcons Infrastructure from CGST?
Afcons Infrastructure received a demand order aggregating to Rs. 1,18,38,402/- from the Assistant Commissioner, CGST.
What is the reason for the CGST demand order against Afcons Infrastructure?
The demand order is related to excess Input Tax Credit availed and utilized for Financial Year FY 2020-21.
What are the components of the Rs. 1,18,38,402/- demand order?
The demand comprises Rs. 59,19,201/- for tax, interest yet to be quantified, and Rs. 59,19,201/- for penalty.
Does Afcons Infrastructure accept the CGST demand order?
No, the Company disputes and contests the said order in its entirety and intends to file an appeal.
What is the financial impact of this CGST order on Afcons Infrastructure?
The Company states that there is no financial impact on the Company arising from this matter as they dispute the order.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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