Astral Limited Receives GST Demand Order of Rs 82 Lakh Penalty Over Tax Classification and ITC Irregularities:

Astral Limited has received a GST demand order from the Assistant Commissioner of Central Tax, Sankrail Division, CGST and Central Excise Commissionerate, Howrah. The company informed the BSE and NSE about the order in a regulatory filing dated November 4, 2026.

The order, issued under Section 74 of the West Bengal GST Act, 2017, was received by the company on November 3, 2026. The tax authorities have raised three key issues: short payment of GST due to incorrect HSN classification, irregular claiming and use of ineligible Input Tax Credit (ITC), and claiming ITC before the physical receipt of goods at the company's registered business premises.

As per the order, the total tax demand stands at Rs 1,91,873, along with interest of Rs 1,18,487 on one of the issues and additional applicable interest on the remaining issues. The authorities have also imposed a penalty of Rs.82,00,747.

Astral Limited stated that it believes it has strong grounds to challenge the order and will submit its reply and representations before the relevant authorities. The company further clarified that the order is not expected to have any material impact on its financial or operational activities.