BSE: 544290 | NSE: EIEL
February 3, 2025 – Mumbai, India: Enviro Infra Engineers Limited ("EIEL" or "the Company") has notified the stock exchanges regarding a demand notice received from the Goods and Services Tax (GST) authorities. The notification has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Key Details of the GST Demand Notice
The Superintendent, CGST RANGE-XXVI, Bikaner, has issued a Demand Order No. SUPDT/AC/42/2024-25under Section 74 of the CGST Act, 2017. The notice pertains to alleged violations during the tax period from July 2017 to March 2018 (FY 2017-18).Summary of the Demand Order:
| Particulars | Amount (₹) |
|---|---|
| IGST Demand | 7,84,417 |
| Penalty (IGST) | 7,84,417 |
| Additional Penalty | 40,000 (CGST: 10,000 + SGST: 10,000 + IGST: 20,000) |
| Interest on ITC Amount (as per Section 50(3)) | As applicable |
Allegations Against the Company
The demand order cites the following violations under the GST framework:- Ineligible Input Tax Credit (ITC): The company allegedly availed ITC of ₹7,84,417 on invoices from a non-existent and non-operational firm without actual receipt of goods.
- Improper Record-Keeping: Non-maintenance of true and correct records of inward supplies.
- Invoice Discrepancies: Mismatch between invoices and E-way bills regarding the supply location and movement of goods.
Financial & Operational Impact
The company has clarified that while the financial impact of the order is limited to the demand, penalties, and interest levied, there is no material impact on its overall operations or business activities.Company’s Response
EIEL has stated that it will take appropriate legal and procedural action against the demand order within the prescribed timeline.For further updates, stay tuned.