DIC India slashes GST demand by over ₹6 crore

DIC India Limited reported on December 3, 2025, that the assistant commissioner of commercial taxes, Bengaluru, Karnataka, issued a final order in Form DRC07 for the financial year 2021-22. This order significantly reduced a previously disclosed GST demand. The original demand, as per a show cause notice issued under section 73 of the KGST Act, 2017, was ₹6,71,07,387, comprising ₹3,83,47,078 in GST and ₹2,87,60,309 in interest.

Following representations, the final demand has been reduced to ₹3,81,602, which includes ₹2,02,980 in GST, ₹1,58,324 in interest, and ₹20,298 in penalties. This represents a reduction of ₹6,67,25,785 from the initial demand. The original notice pertained to alleged Input Tax Credit denial for suppliers not paying taxes to the government and ineligible ITC claimed by DIC.

The company stated there is no impact on financial, operational, or other activities, except for the tax adjustment. DIC India is currently reviewing the order to determine its next steps.