BSECompany Update▼ NegativeRegulatory23 Jun 2026
Manoj Vaibhav Gems N Jewellers Ltd
Disclosure under Regulation 30 of SEBI LODR Regulations
Manoj Vaibhav Gems N Jewellers Ltd received an order from the Central GST Commissionerate, Visakhapatnam, confirming a tax demand of Rs. 2,92,10,460 and an equivalent penalty, totaling Rs. 5,84,20,920, along with applicable interest. This demand relates to alleged irregular availment of Input Tax Credit (ITC) on IPO expenses for the period 2021-22 to 2024-25. The company is evaluating the order and plans to file an appeal, stating no impact on its operational activities.
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