TRF Receives Demand Order from CGST for Excess Input Tax Credit Availment

TRF Limited has received a Demand Order from the CGST Patna for ₹118.06 lakh, related to excess Input Tax Credit availed for FY 2017-18. The company intends to appeal the order after legal review.

Demand Order Details and Next Steps

The order mandates the company to pay ₹118.06 lakh, including tax, interest, and penalty.

TRF Limited has assessed the situation in consultation with legal experts and decided to appeal against this order before the appropriate authority, challenging it on merit, the company said in a press release on the stock exchanges.

The company believes it has valid grounds for the appeal based on prevailing regulations.

Share Price Performance

On December 20, 2024, TRF’s share price traded 0.29% lower at ₹1,940.50 by 12:15 PM on the NSE. The stock opened at ₹1,975.15, higher against ₹1,946.20 at the previous close.

About TRF Limited

TRF Limited, established on November 20, 1962, in Jamshedpur, is a key player in the electromechanical and bulk material handling industry. Promoted by Tata Steel and ACC Limited, the company specialises in providing electromechanical services, industrial structures, and lifecycle support. TRF has earned recognition for its reliable, high-performance products used in sectors like power, steel, cement, ports, and mining.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.