Gujarat Tax Authority Issues ₹3.13 Cr GST Demand to Nesco Ltd

Nesco Limited (BSE: 505355 | NSE: NESCO) has received a tax-related intimation concerning the Goods and Services Tax (GST) from the Office of the Assistant Commissioner of State Tax, Gujarat. The notice, dated 19 May 2025, was issued under Sections 73(5) and 74(5) of the CGST/IGST Act, 2017.

Details of the GST Demand

According to the intimation sent in Form GST DRC-01A, the following amounts are being demanded:

The demand relates to an alleged excess claim of input tax credit (ITC) on inward supplies made by the company during the financial year 2021–22.

Nesco’s Response

In response, Nesco has stated that it intends to file its objection in Part B of Form DRC-01A within the period stipulated by law. The company has also clarified that this intimation will not have any material effect on its financial performance, operations, or other activities.

About Nesco Limited

Founded in 1939 and headquartered in Mumbai, Nesco Limited operates across a range of industries, including Exhibition Centres, IT Parks, Hospitality, and Engineering Solutions through its Indabrator division. The company is particularly recognised for managing the Bombay Exhibition Centre and its catering arm, Nesco Foods.

Looking Ahead

Although the management has assessed the current GST demand as non-material, the development reflects the ongoing regulatory focus on historical input tax credit claims. Nesco’s prompt and structured response demonstrates its continued commitment to regulatory compliance. Investors are likely to keep a close watch for further updates following the company’s official submission of objections.

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