Goods & Service Tax (GST) 4 October 2026
GST Demand of ₹4.26 Cr Against Aether Industries Dropped
GST authorities have scrapped a ₹4.26 crore demand against Aether Industries for the fiscal year 2021‑22 after concluding that the company’s input tax credit claims were valid and complied with regulations, removing the liability.
Aether Industries received relief from a GST demand of ₹4.26 cr for FY21‑22.
- The demand was dropped after authorities reviewed the Input Tax Credit (ITC) claimed.
- Officials deemed the ITC “fair and in compliance” with GST rules.
- The cancellation removes the pending tax liability and any associated penalties.
Read the full report here.
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