Appellate Authority Orders Withdrawal of Demand Order Against APL Apollo Tubes Limited

New Delhi, August 24, 2024 - In a recent development, the Appellate Authority has mandated the withdrawal of a demand order issued against APL Apollo Tubes Limited, a leading structural steel tubing company. The order, which was originally issued by the Joint Commissioner under Section 73 of the SGST Act, 2017, demanded a total of ₹1,64,95,383 from the company. This included a tax amount of ₹1,49,95,804 and a penalty of ₹14,99,578 for the financial year 2019-20.

APL Apollo Tubes Limited had contested the demand by filing a rectification application, arguing against the levied tax and penalty. The company received the contentious assessment order on August 22, 2024, prompting immediate action to challenge its validity.

The Appellate Authority's decision to withdraw the demand order marks a significant relief for APL Apollo Tubes Limited, potentially saving the company from a substantial financial burden. This ruling underscores the importance of accurate assessments and the right to appeal in the GST regime, ensuring fairness in tax enforcement.

This news was originally reported by ET Legal World.

(With inputs from ET Legal World)