LG Electronics India Limited has informed the Exchange about Action(s) taken or orders passed
LGEINDIA · price
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LG Electronics India has received a tax demand order dated March 10, 2026, from the Joint Commissioner (Corporate Circle-2), Greater Noida, under Section 74 of the CGST Act, 2017 for FY 2019-20. The total demand is Rs. 7.98 Crore, comprising Rs. 2.53 Crore in principal tax, Rs. 2.53 Crore in penalty, and Rs. 2.92 Crore in interest. The tax department has alleged that the company wrongly claimed input tax credit on bus transportation services provided to employees. The company plans to file an appeal before the appellate authority within the prescribed timeline and stated that there is no material impact on its financials or operations, contending that the credit claimed is well within GST provisions.
This is a routine tax dispute and the company maintains that the demand is unjustified and will be contested. Given the small size of the demand relative to LG India's scale and the company's stated confidence in its position, the short-term stock impact is likely to be limited.