Craftsman Automation says it received a GST order demanding ₹68,72,106 in tax for alleged excess input tax credit in FY 2021–22 and FY 2022–23, plus applicable interest and a penalty equal to the tax. The company is evaluating the order and says it may appeal; its October 6, 2026 exchange filing does not confirm that an appeal has been filed.
What is the GST demand about?
Craftsman Automation Limited told the stock exchanges that an order was passed under Section 74 of the Central Goods and Services Tax Act, 2017, by the Assistant Commissioner of Goods & Service Tax and Central Excise, Division-III, Jamshedpur. The order is dated September 30, 2026, and concerns what the authority describes as excess availment of input tax credit (ITC) in FY 2021–22 and FY 2022–23. The company said it received the order on October 5. Craftsman Automation’s exchange intimation was made on October 6, 2026.
ITC is credit a registered business may use for eligible tax paid on purchases against GST payable on supplies. The disclosure does not detail the transactions in question or the authority’s reasoning, so it does not establish how the disputed credit arose.
How much is demanded?
| Component | Amount stated in the disclosure |
|---|---|
| Tax demand | ₹68,72,106 (about ₹68.72 lakh) |
| Penalty | Equivalent to the tax amount: ₹68,72,106 |
| Interest | Applicable interest; amount not stated in the disclosure |
The tax figure is not the full amount that might ultimately be payable: interest is additional, and the disclosure gives no interest calculation or later outcome. The tax demand and matching penalty together total ₹1,37,44,212 before interest, but that is not a final payable amount.
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Will Craftsman Automation appeal?
The company said it is evaluating the order and intends to take appropriate steps, including filing an appeal, as it considers necessary. It stated: “The Company believes that the said demand is not sustainable and intends to take appropriate legal recourse against the order.” This is the company’s position, not a finding on the tax merits. The filing does not say that an appeal has already been filed.
Does the order materially affect the company?
Craftsman Automation said: “Further, we do not foresee any material impact on the financials, operations or other activities of the Company due to the above-mentioned order.” That is management’s assessment, not an independently verified financial outcome. The disclosure does not establish whether recovery has been stayed or how the matter will be decided.
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What is known—and what remains unresolved?
- Known: The order relates to alleged excess ITC in FY 2021–22 and FY 2022–23, with a stated tax demand of ₹68,72,106, additional applicable interest, and a penalty equal to the tax.
- Not established by the disclosure: The detailed basis for the ITC allegation, the amount of interest, whether an appeal has since been filed, whether recovery is stayed, or the final outcome.
ScanX also reported the order on October 6, 2026; its report corroborates the event but is not the full adjudication order.
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