Jubilant Ingrevia Limited has informed the Exchange about Action(s) taken or orders passed
JUBLINGREA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jubilant Ingrevia received an appeal order from the Additional Commissioner, State Tax, Moradabad confirming a GST demand for FY 2017-18 related to alleged wrong availment and utilisation of Transitional Input Tax Credit under Section 16 of the GST Act, 2017. The confirmed demand includes tax of Rs. 1,01,84,776, interest as applicable, and a penalty of Rs. 1,01,84,776. The order was received on 4 May 2026. The company states it has a strong case on merits and will file an appeal before the GSTAT against the order.
The company has stated there is no material financial or operational impact. However, the combined tax and penalty demand exceeds Rs. 2 crore, which could attract some investor attention until the GSTAT appeal is resolved.