Maruti Suzuki India Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
MARUTI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maruti Suzuki has received an Adjudication Order from the Haryana GST Authority dated 31st March 2026. The order relates to GST liability on Tax Credit Notes for the period April 2019 to March 2024. It confirms a tax demand of Rs. 384.17 million along with an equal penalty of Rs. 384.17 million, taking the total potential liability to roughly Rs. 768 crore. The company has stated it will file an appeal with the first appellate authority to contest the order. Management has clarified there is no major impact on the company's financial position, operations, or other activities due to this order.
The combined tax demand and penalty of around Rs. 768 crore is material but the company is appealing, and it has stated there is no major financial impact. Investors should monitor the appeal outcome, as a unfavorable ruling could affect future earnings, while a favorable outcome would remove this overhang.