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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.
Panasonic Energy India Company Ltd-$

Panasonic Energy India Received GST Demand Order for Rs. 3.11 Lakhs ITC

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 28 May 2026, 01:08 PM IST  ·  BSE ID: 94a209c3-82e8-42a0-a761-540605f38c0e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received a government order demanding payment for disallowed tax credits, penalties, and late fees.
🤖 AI Summary
  • GST authority demanded Rs. 31,06,999.00 for disallowed Input Tax Credit.
  • Penalty of Rs. 3,30,363.00 imposed by Assistant Commissioner Central GST.
  • Interest confirmed under Section 50 of CGST Act, 2017.
  • Rs. 150 late fee demanded for late filing of GSTR 1.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Disallowed ITC
Rs. 31,06,999.00
Penalty
Rs. 3,30,363.00
Late Fee
Rs. 150/-
🏢 How This Affects the Company
💰
Financial Impact
The company faces an immediate financial outflow of Rs. 31,06,999.00 in disallowed Input Tax Credit, plus Rs. 3,30,363.00 in penalty and applicable interest.
⚙️
Operational Impact
The company must address the disallowance of ITC and potential recovery mechanisms for the demanded amounts.
⚠️
Risk Impact
This order introduces financial and compliance risk, necessitating a review of tax credit claim processes.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Monitor company disclosures regarding appeals or payments.
👤
Who Is Affected
All shareholders are indirectly affected by potential financial impact on company earnings and cash flow.
🔍
Management Signal
This signals a potential tax compliance issue that management must address and resolve.

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

👁 Watch List - track these upcoming events
Company's appeal status against GST demand order.
Confirmation of payment or settlement of dues.
Disclosure on impact on financial statements in next results.
MEDIUM RISK The direct financial demand and penalty from tax authorities represent a significant compliance risk.
💡 Investor Takeaway
Panasonic Energy India received a GST demand order for Rs. 31,06,999.00 in disallowed ITC and Rs. 3,30,363.00 in penalties, along with interest and Rs. 150 late fee.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Disallowed ITC of Rs. 31,06,999.00, indicating a compliance issue.
  • Imposed penalty of Rs. 3,30,363.00 and interest demand by GST authorities.
❓ Frequently Asked Questions
What is the total amount demanded by the GST authority from Panasonic Energy India?
The GST authority demanded Rs. 31,06,999.00 for disallowed Input Tax Credit, Rs. 3,30,363.00 as penalty, and Rs. 150/- as late fee.
Which authority issued the demand order to Panasonic Energy India?
The demand order was received from the Assistant Commissioner Central GST and Central Excise, Vadodara.
What is the reason for the demand against Panasonic Energy India?
The authority disallowed Input Tax Credit of Rs. 31,06,999.00 and imposed penalties and interest under various sections of the CGST and IGST Acts.
When did Panasonic Energy India receive this GST demand order?
Panasonic Energy India received the direction or order on 27.05.2026.

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

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⚠️ 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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