Swan Defence and Heavy Industries Limited Faces GST Demand Orders
Mumbai: Swan Defence and Heavy Industries Limited, formerly known as Reliance Naval and Engineering Limited, has recently received significant orders under the Goods and Services Tax (GST) regulations for the financial year 2020-21. The orders, issued under sections 73 and 74 of the GST Act, were received on February 25, 2025, and detail substantial financial demands and penalties.
Details of the Orders:
1. Order under Section 73 for FY 2020-21 on EOU the GST demand is INR 1,00,13,885, Interest is INR 78,51,984, Penalty is INR 10,01,389 and the Total stood at INR 1,88,67,258
2. Order under Section 74 for FY 2020-21 on EOU the GST demand is INR 4,71,092, Interest is INR 3,72,872, Penalty is INR 4,71,092 and the Total stood at INR 13,15,056
