Supertex Industries GST Order Demands Rs. 9.20 Crore Tax, Penalty, Interest
REGULATORY
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 26 Oct 2026, 04:40 PM IST · BSE ID: 1f0d4010-1341-446b-8196-693b5f8ca201
View Original BSE Filing (PDF)
💡
In Simple Terms
Supertex Industries received a tax demand for Rs. 9.20 Crore, plus interest and penalty, related to input tax credit. The company plans to fight this.
🤖 AI Summary
- Supertex Industries received GST order demanding tax, interest, and penalty of Rs. 9,20,07,065 each.
- The order concerns alleged availment of ineligible Input Tax Credit (ITC) by the company.
- The Additional Commissioner, Central GST & Central Excise, Surat, passed the order.
- Supertex Industries is reviewing the order and will contest the demands made.
- The company received the order on 25th October, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Tax Demand
Rs. 9,20,07,065/-
Interest and Penalty Demand
Rs. 9,20,07,065/-
Date of Order Receipt
25th October, 2026
🏢 How This Affects the Company
The order imposes a potential financial liability of Rs. 18,40,14,130 (tax, interest, penalty), impacting the company's cash reserves and profitability if not successfully contested.
This order introduces a significant tax litigation risk and potential financial outflow, requiring resources for legal contestation.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Monitor company updates on the appeal process and its financial outcome.
👤
Who Is Affected
All shareholders are potentially affected due to the financial implications of the Rs. 9,20,07,065 tax demand, interest, and penalty.
🔍
Management Signal
Management's decision to contest the order signals a commitment to challenging demands they deem incorrect, aiming to protect company finances.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Company's update on legal strategy for contesting the GST order.
Any interim relief granted by the appellate authority.
Final outcome of the legal challenge to the GST demand.
HIGH RISK
Significant financial demand from GST authority and company's intent to contest create substantial litigation risk.
💡 Investor Takeaway
Supertex Industries Ltd. has received a GST order demanding Rs. 9,20,07,065 in tax, an equal amount for interest, and Rs. 9,20,07,065 in penalty due to alleged ineligible ITC, which the company plans to contest.
⚖️ Strengths & Concerns
⚠️ Concerns
- Imposition of tax of Rs. 9,20,07,065 plus Rs. 9,20,07,065 in interest and penalty by GST authority.
❓ Frequently Asked Questions
What is the total demand made by the GST authority on Supertex Industries?
The GST authority demanded Rs. 9,20,07,065/- in tax, plus Rs. 9,20,07,065/- in interest and Rs. 9,20,07,065/- in penalty.
What is the reason for the GST demand against Supertex Industries?
The demand is related to the alleged availment of ineligible Input Tax Credit (ITC) by the company.
When did Supertex Industries receive the GST order?
Supertex Industries received the order on 25th October, 2026.
What is Supertex Industries' response to the GST order?
The company is reviewing the order and plans to contest the demands made by the GST authority.
Questions based on this BSE filing only. For information purposes.