MOIL Limited has informed the Exchange about Action(s) initiated or orders passed
MOIL · price
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MOIL Limited has received an order dated 31 March 2026 from the Joint Commissioner of State Tax, Chhindwara Division (Jabalpur Zone, Madhya Pradesh) in Form GST DRC-07 under Section 73 of the CGST/SGST Act, 2017 for FY 2022-23. The order relates to alleged mismatches between GSTR-1, GSTR-3B, and E-way Bill data, along with input tax credit (ITC) reconciliation issues, largely arising from stock transfers, inter-unit transfers, capital goods capitalization, and timing differences. The total demand is Rs. 1,27,68,306 (about Rs. 1.28 crore), comprising IGST of Rs. 1,16,07,551 and a penalty of Rs. 11,60,755, with no interest specified. The company has stated there is no immediate operational impact and that it will examine the order and file an appeal within the prescribed time.
The financial impact is relatively small (around Rs. 1.28 crore against a large government mining PSU) and the company plans to appeal, so the hit to earnings is likely limited unless the order survives appeal. This is a routine tax compliance matter and is unlikely to materially affect the stock price, though it may draw short-term attention from investors tracking pending tax disputes.