Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates
IRCTC · price
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IRCTC has informed the exchanges about a CESTAT (Customs, Excise and Service Tax Appellate Tribunal) order dated July 18, 2025, received by the company on July 29, 2025. The order relates to a service tax claim on renting of immovable property services for the period 2007 to 2011. The tribunal has raised a total demand of ₹679.02 lakhs (approximately ₹6.79 crore), which includes an equal amount as penalty. IRCTC has stated that the demand is litigative in nature and not final, and the company can appeal the order at a higher judicial forum within the timelines prescribed under law, subject to approval from the competent authority.
The financial exposure of ₹679.02 lakhs is relatively small for a company of IRCTC's size and is unlikely to materially affect operations or financials. Since the company plans to challenge the order at a higher forum, this is not a final liability, though it remains a contingent risk for shareholders to track.