Anup Engineering Secures Complete Relief in GST Dispute, Rs 3.32 Crore Demand Quashed:

Anup Engineering Limited vide an Intimation dated October 04, 2026, has disclosed that the Honourable Appellate Authority vide an order has allowed its appeal and set aside the impugned order passed by the GST authorities.

The company had previously disclosed, vide an Intimation dated February 20, 2025, that the GST department, through an order passed under the provisions of Section 74(1) of the CGST Act, 2017, had increased the demand for ineligible Input Tax Credit (ITC) of Rs 1.33 Crore + IGST on Ocean Freight of Rs 0.33 Crore + Penalty of Rs 1.66 Crore and interest thereon. The aggrieved company filed an appeal before the Honourable Appellate Authority, challenging the aforesaid demand. In the context of the same, the company has secured complete relief, as the demand is completely quashed.

The order of the appellate authority was received by the company on October 03, 2026, at about 04:35 P.M. (IST). Since the impugned demand has been fully set aside and the decision has been announced in complete favour of the company, the company does not expect any impact on its financial, operational or business activities.

The company has made the aforementioned disclosure to the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to the official intimation for complete information.