HSN Dispute: GST Department Issues Demand to UNO Minda Limited

HSN Dispute: GST Department Issues Demand to UNO Minda Limited

UNO Minda Limited, a premier global manufacturer and supplier of proprietary automotive solutions to OEMs, recently issued a disclosure to NSE Ltd and BSE Ltd regarding receipt of tax demands.

Background of the case

The company stated that it has received a demand order from the Office of the Commissioner of Goods and Services Tax and Central Excise regarding HSN misclassification. For the period from November 15, 2017, to March 2020, the company has been directed to pay a tax amounting to Rs 42,37,98,584, along with applicable interest and a penalty of Rs 4,23,79,859. Additionally, for the period from April 2020 to October 2023, the company has been asked to pay a tax of Rs. 83,81,25,560, along with applicable interest and a penalty of Rs. 8,38,12,557.

Details of the case

Particulars	Details
Name of the Authority	Office of the Commissioner of Goods and Services Tax and Central Excise, Salem, Tamil Nadu.
Date of receipt of order	March 11, 2026 (9:00 A.M. IST)
Details of the violation	HSN Misclassification

Financial Impact

The company stated that it does not have any material impact on its financial, operational, or other activities.

The Company’s Further Step

The company will take further appropriate steps against the demand order based on the facts of the case.

Disclosure

The above disclosure is made by the company under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”).