Aries Agro Faces Rs 3.96 Crore GST Demand Over ITC Availment from Retrospectively Cancelled Vendors:

Aries Agro Faces Rs 3.96 Crore GST Demand Over ITC Availment from Retrospectively Cancelled Vendors

Aries Agro plans to challenge a Rs 3.96 crore GST demand concerning ITC availed on inward supplies from vendors whose GST registrations were retrospectively cancelled for FY 2018-19.

Company Plans Filing Appeal Before GSTAT

authorSaloni KumaridateSep 5, 2026
Last update on Sep 5, 2026

Aries Agro Limited has received an Order dated September 04, 2026, from the Assistant Commissioner of State, Tax-D-032, Inv-A, Mazgaon, Mumbai.

ITAT Restores Appeal After Notices Not Sent To Form-35 Email, Also Directs Plantation Of 500 Native Trees

Through the said order, the GST authorities have confirmed an earlier proposed demand over Input Tax Credit (ITC) availment amounting to Rs 3.96 crore, including interest and penalty on inward supplies of inputs from vendors whose GST registration had already been cancelled retrospectively, for the Financial Year 2018-19.

DVO’s Estimated Construction Cost Not Enough for Section 69 Unexplained Investment Addition, Holds ITAT

The company has clarified that the order is not likely to have any impact on its financial, operational and business activities. The company further claimed that it is planning to challenge the order before the Goods and Services Tax (GST) Appellate Authority, Mazgaon, Mumbai, by filing an appeal.

FM allows Inventory-Based E-Commerce for Indian Goods Exports [Read Notification]

Aries Agro Limited has made the aforementioned disclosure to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) via an Intimation dated September 04, 2026, in pursuance of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).

About Author

LinkedIn

Saloni Kumari

Content Writer

Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
StudyCafe
Delhi, Delhi, India
2698
Up Next

Loading suggestions…