Thirumalai Chemicals Ltd has received an order from the Commissioner of GST & Central Excise, admitting ₹1.8 million of a ₹76.5 million tax demand. The company plans to file a further appeal against the disallowed ₹74.7 million, reaffirming its commitment to regulatory compliance and legal recourse.
Thirumalai Chemicals Ltd has announced receipt of an order from the Commissioner of GST & Central Excise concerning a disputed tax demand. Out of the total ₹76.5 million claimed, only ₹1.8 million was deemed admissible, while ₹74.7 million was rejected. The company has stated its intent to pursue a further appeal against the disallowed portion.
The dispute relates to historical GST liabilities, and the company maintains that it has complied with all applicable tax provisions. Thirumalai Chemicals is known for its robust governance and regulatory transparency, and this move reflects its proactive approach to resolving tax matters through appropriate legal channels.
Important Points:
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Order Received: GST Commissioner admitted ₹1.8 million of the ₹76.5 million demand.
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Appeal Planned: Company to challenge the ₹74.7 million disallowed portion.
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Regulatory Context: Dispute pertains to past GST liabilities under review.
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Corporate Stance: Thirumalai affirms commitment to compliance and due process.
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Next Steps: Legal appeal expected to be filed in the coming weeks.
This development highlights the company’s diligence in addressing regulatory challenges while safeguarding its financial interests.
Sources: Rediff Money, GST Council – Appellate Orders, TaxGuru