Ideaforge Receives Rs 109 Crore GST Tax And Penalty Order For FY22-24

Received 1 Oct 2026 order from Additional Commissioner CGST Belapur under Section 74 demanding Rs54.59cr tax plus equal penalty totalling ~Rs109.2cr for Jan 2022-Mar 2024 alleging 5% GST on drones short-paid by 13%; company to appeal citing 2025 clarification of 5% rate, sees no immediate material impact.