Total Transport Systems Faces Rs 63.85 lakh Demand Over Claiming Ineligible and Excess ITC 

Total Transport Systems Limited has disclosed to the stock exchange that it has received an Order-in-Original passed by the Assistant Commissioner, Central Goods & Services Tax & Central Excise, Division VIII, Mumbai East Commissionerate. The said order was passed on December 31, 2025, under the CGST Act, 2017, and MGST Act, 2017, read with the IGST Act, 2017, on the grounds of alleged non-compliance with the GST laws.

As per the tax authorities, the company was involved in primarily two contraventions: first, claiming ineligible ITC from non-compliant suppliers (GST registrations of these suppliers were either cancelled voluntarily before the invoice date or they failed to file their GSTR-3B returns); and second, claiming excess ITC in its monthly GSTR-3B returns in comparison to what was reflected in GSTR-2A.

The order belongs to the tax period between April 2018 and March 2019 and has raised an aggregate demand amounting to Rs 63.85 lakh on the company (including a tax and penalty of Rs 31.92 lakh each). The company is presently searching for possible legal remedies, as it is not satisfied with the order and will challenge the same by filing an appeal before the relevant appellate authorities within the statutory time limit. Further, it says that the present action does not have any material impact on its financials, operations, or other activities.

The company clarified that any delay in disclosure was due to this evaluation process and was not intentional. Further has assured that it will keep stakeholders informed about any further developments related to this matter.

The aforementioned disclosure has been made through a regulatory filing dated March 20, 2026, addressed to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), issued under Regulation 30 read with Schedule III, Para B, sub-para 8 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.