High Court pauses action in IRCON's Rs 72.41 crore GST dispute
IRCON · price
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The GST department issued a notice challenging Rs 72.41 crore of input tax credit claimed by IRCON on subcontractor invoices. IRCON has filed a court challenge in the High Court of Uttarakhand. On 26 October 2026, the court asked the department to respond within four weeks, asked IRCON to reply to the tax notice within two weeks, and directed the department not to pass an order until the next hearing. No final order or penalty has been reported.
The pause reduces immediate order risk, but the Rs 72.41 crore exposure remains unresolved and could affect earnings and cash flow if upheld.