Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates
IRCTC · price
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Awaiting price reaction for this filing.
IRCTC has received an Order-In-Appeal from the Joint Commissioner, CGST Appeals-II, Delhi, dated July 2, 2025, related to a Show Cause Notice originally issued on November 7, 2024. The order pertains to Financial Year 2017-18 and involves alleged availment of ineligible Input Tax Credit (ITC) under Tran 1. The total demand raised is ₹184.88 Lakhs, which includes a penalty of ₹95.88 Lakhs. The company's first appeal has been rejected in this order, but IRCTC stated it plans to contest the demand further before the GST Appellate Tribunal within the legal timelines.
The financial exposure of ₹184.88 Lakhs is relatively small compared to IRCTC's overall size and is unlikely to materially affect operations or stock price. However, the case highlights an ongoing tax dispute that could result in a liability if the appellate tribunal also rules against the company.