5435322026-10-155435322026-10-15ActionsTakenOrOrdersPassedDomain15435322026-10-15ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15435322026-10-15SignatoriesDomain1iso4217:INRxbrli:pureETHOSLTDETHOS LIMITED543532NOTLISTEDINE04TZ01018NewAction(s) taken or orders passed (sub-para 20)false2026-10-1417:10:002026-10-15Imposition of fine or penaltyStatutory AuthorityGST Appellate Authority, Noida1Listed Entity (Self)ETHOS LIMITEDOrderThe communication is the order on the appeal filed by the Company. It dismisses the appeal and upholds the demand for FY 2018-19 and FY 2019-20, which relates to input tax credit (ITC) disallowed because the corresponding invoices were not reflected in the suppliers’ GST returns. The Appellate Authority held that the eligibility of the credit had not been established, and upheld the demand of tax with interest and the penalty under Section 74 of the CGST Act, 2017.2026-10-14The communication is the order on the appeal filed by the Company. It dismisses the appeal and upholds the demand for FY 2018-19 and FY 2019-20, which relates to input tax credit (ITC) disallowed because the corresponding invoices were not reflected in the suppliers’ GST returns. The Appellate Authority held that the eligibility of the credit had not been established, and upheld the demand of tax with interest and the penalty under Section 74 of the CGST Act, 2017.Financial years 2018-19 and 2019-20The financial exposure comprises a GST demand of approximately ₹13.26 lakh and a penalty of approximately ₹13.26 lakh, aggregating to approximately ₹26.51 lakh, plus interest as applicable, which is yet to be quantified. After adjusting the pre-deposit of ₹1.33 lakh already paid, the balance exposure is approximately ₹25.19 lakh, excluding interest. The interest component is yet to be quantified. The Company is evaluating further legal remedies, including an appeal before the competent appellate authority.Availment of input tax credit (ITC) whose eligibility, in the Authority’s view, was not established, the corresponding invoices not being reflected in the suppliers’ GST returns.1326000Penalty of ₹13.26 lakhs under Section 74 of the CGST Act, 2017, upheld, in addition to the demand of tax and interest. No other penalty, restriction or sanction is imposed by the orderNAThe Company is examining the order and proposes to file a further appeal before the competent appellate authority.The Company believes it has a good case on merits. The order does not have any material impact on the financial, operational or other activities of the Company.Priya GroverCompany Secretary and Compliance Officer2026-10-15Gurugram,Haryana