Thirumalai Chemicals Limited has received order from Office of Commissioner GST & Central Excise under section 73 (1) of CGST Act 2017 issued on 10 August, 2023 on 14th August 2023. The amount under dispute pertains to change of regime from Excise Duty to GST in July 2017. Due to lack of clarity on the table to be used in the form during the said transition period, GST Department raised objection in admitting the duty credit.

The correspondence with the Department is still going on. The delay in disclosure is due to submission to the Department on the order, pending completion of hearing. In the said order, the authority has imposed a penalty.

The Company may file an appeal before the appropriate Appellate Authority against the said order within prescribed timelines.