GAIL gets GST order demanding Rs 143 crore penalty on corporate guarantees

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AI summary

GAIL (India) has received an Order-in-Original from the Additional Commissioner, CGST, Delhi South Commissionerate, demanding GST on Corporate Guarantees issued by the company to banks on behalf of its subsidiaries and joint ventures. The order was received on December 10, 2025. The alleged contravention is non-payment of GST on corporate guarantees issued without consideration. The monetary penalty imposed is Rs 143,08,40,592, which is about Rs 143.08 crore. GAIL has disclosed this under SEBI LODR Regulation 30 and may explore legal remedies against the order.

Likely market impact

Adverse tax order of about Rs 143 crore. Company may challenge it; possible near-term financial hit if upheld.