Supertex Industries Limited received a GST order from the Additional Commissioner, Central GST & Central Excise Commissionerate, Surat, demanding ₹9.20 crore in tax along with an equal penalty of ₹9.20 crore. The total financial exposure stands at approximately ₹18.40 crore excluding interest.
The order was received on October 25, 2026. The demand arises from the alleged availment of ineligible Input Tax Credit (ITC). The authority confirmed the demand proposed in the earlier Show Cause Notice through this Order in Original.
Nature of the Demand
The regulatory filing details the specific violations and monetary implications as follows:
| Particulars | Details |
| Authority | Additional Commissioner, Central GST & Central Excise Commissionerate, Surat |
| Date of Receipt | October 25, 2026 |
| Violation Alleged | Availment of ineligible ITC |
| Tax Demand | ₹9,20,07,065 |
| Penalty Amount | ₹9,20,07,065 |
| Total Impact (Tax + Penalty) | ₹18.40 crore |
Company Response and Next Steps
Supertex Industries stated that it is currently reviewing the order. The company intends to contest the demands raised by the GST authority. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026.
The company’s Director and CFO signed the digital disclosure submitted to the Bombay Stock Exchange on October 26, 2026. No further details regarding the timeline for the appeal or the specific nature of the ineligible ITC were provided in the filing.
