Shipping Corporation's GST Demand Slashed to ₹60 Crore in Maharashtra

• State-owned Shipping Corporation of India Ltd (SCI) received a revised GST demand of ₹60.07 crore from Joint Commissioner of State Tax (Appeal-VI), Mumbai.
• The demand includes a tax component of ₹29.09 crore along with applicable interest and penalty.
• This is a significant reduction from an earlier demand of ₹160.37 crore, which included ₹77.66 crore as the tax component.
• The demand primarily arises from a mismatch of input tax credit (ITC) with GSTR-2A filings.
• SCI is reviewing the order, evaluating next steps, and plans to contest the demand, believing there is strong merit in the case.