ideaForge Faces ₹109 Cr GST Demand, Penalty Over Alleged Tax Underpayment
ideaForge Technology received a GST demand and penalty order totaling ₹109.2 crore for alleged tax underpayment from January 2022 to March 2024. The tax authority claims the company short-paid GST by 13 percentage points, despite a government clarification that drones attract 5% GST. ideaForge plans to appeal the order, expecting no immediate impact on its operations.