Jubilant Agri and Consumer Products Limited has informed the Exchange about Action(s) taken or orders passed by Assistant Commissioner of State Tax-Maharashtra
JUBLCPL · price
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Awaiting price reaction for this filing.
The company received an order dated February 10, 2026, from the Assistant Commissioner of State Tax, Maharashtra, demanding a total of Rs. 38.91 lakh (Rs. 12.76 lakh tax + Rs. 13.40 lakh interest + Rs. 12.76 lakh penalty) for FY 2019-20. The dispute relates to the GST rate applied on bottling services — the company charged 5%, but the tax authority says 18% should have been applied. This pertains to erstwhile Jubilant Industries Limited (JIL), which was engaged in IMFL bottling and merged with the company in October 2024. The company says it has strong grounds and will file an appeal before the GST Appellate Authority, expecting no financial or operational impact.
The demand is small (under Rs. 40 lakh) relative to a listed company's size, and the company is contesting it on appeal. Shareholders are unlikely to see a material financial impact unless the appeal fails, in which case the amount may need to be paid.