Shilchar Technologies Limited received major relief from the Commissioner (Appeals), who set aside GST demand, interest and penalty amounting to over Rs 3.17 crore. The appellate authority also directed re-determination of part of the demand under Section 73 of the CGST Act instead of Section 74.
Aishwarya Singh | May 13, 2026 |
Shilchar Technologies Gets Major Relief of Rs 3.19 Crore in GST Demand
Shilchar Technologies Limited just told the stock exchanges about a big win in a GST case. The Commissioner of Central Tax (Appeals), CGST and Central Excise, Vadodara sided with Shilchar, and the company shared the news under Regulation 30 of the SEBI rules. They got the appellate order by email on May 12, 2026, though it was dated April 30.
The Joint Commissioner of Central Tax, Vadodara-I, had Imposed the company a GST demand for Rs 3.19 crore, plus interest and an equal penalty under Section 74 of the CGST Act. But when Shilchar appealed, things turned around. The Commissioner (Appeals) scrapped Rs 3.17 crore of that demand and dismissed the penalty and interest too. Instead of Section 74 which deals with fraud or deliberate tax evasion, the authority told officials to look at Rs 1.64 crore under Section 73. That section is for cases where there’s no fraud, just regular tax issues.
“This move is a big deal because Section 73 is much less severe than Section 74. Basically, the appellate order gives Shilchar a lot of legal relief. Shilchar made it clear that this order won’t really affect its finances, business, or operations”.
In case of any Doubt regarding Membership you can mail us at [email protected]
Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"
