Oil & Natural Gas Corporation Limited has informed the Exchange about Disclosure of event or information under Regulation 30 of SEBI (LODR) Regulations, 2015

ONGC has received an order dated June 9, 2025 from the Additional Commissioner of CGST & Central Excise, Mumbai South Commissionerate under Section 74(9) of the CGST Act, 2017. The order demands recovery of ₹40.71 crore towards inadmissible Input Tax Credit (ITC) of IGST, along with interest of ₹1.22 crore and a penalty of equal amount (₹40.71 crore). A separate demand of ₹37.62 crore was dropped in the same order. The allegation relates to October–November 2019, when GST liability was inadvertently paid using ITC instead of cash, though an equivalent amount was already lying in the company's Electronic Cash Ledger. ONGC has stated that there was no actual tax shortfall, as cash was continuously available in the ledger, and the issue was just a reclassification at the time of filing the December 2019 return. The company will file an appeal before the Commissioner of Central Tax (Appeals)-I, Mumbai within the stipulated 3 months.