Vedant Fashions Limited, the parent company of Manyavar, has disclosed that it has received an Order-in-Original from the Office of the Deputy Commissioner of CGST, Mumbai West, relating to alleged GST violations spanning three financial years. The company notified the exchanges on December 1.
According to the filing, the order was issued on November 20, 2025, and was received by email on December 1, 2025 at around 2:52 PM. The action pertains to periods FY 2017–18, FY 2018–19 and FY 2019–20, relating to Manyavar Creations Private Limited, which has since been amalgamated into Vedant Fashions.
What the GST order includes
As per the document, the Authority has passed the order under Sections 50, 74, 122 and 125 of the CGST Act, along with corresponding sections under SGST and IGST, covering:
- ₹1,73,471 of ineligible Input Tax Credit (ITC), which the company stated had already been paid/reversed.
- Applicable interest on the said ITC.
- Penalty of ₹1,73,471 under GST laws.
- Additional penalties of
- ₹50,000 (IGST)
- ₹25,000 (CGST)
- ₹25,000 (SGST)
Company statement
Vedant Fashions said the financial impact is limited to the amounts listed above and confirmed there is no other operational or financial impact arising from the order. The company also stated it will review and evaluate the order and take appropriate action within the prescribed timelines.
The disclosure was filed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR).
This update is based on the company’s official communication to NSE and BSE and the attached GST authority order.
