DOMS Industries has disclosed that its subsidiary, Uniclan Healthcare, has received an order from the Office of Superintendent of Central Taxes (CGST) in Thane regarding the wrongful availment of Input Tax Credit (ITC). The order, issued under Section 74 and 122 of the CGST Act and relevant sections of the MGST Act, 2017, pertains to the financial year 2021-22.
The order, received on 20 March 2026, demands recovery of inadmissible ITC amounting to ₹5,22,692. Additionally, a penalty of ₹10,45,384 has been levied, along with interest calculated under Section 50 of the CGST Act, 2017.
Despite the financial implications of the order, DOMS Industries has stated that there is no material impact on its financial, operational, or other activities. The company’s subsidiary is currently evaluating appropriate legal remedies and plans to respond to the order within the prescribed time limit.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).