Rashtriya Chemicals and Fertilizers Limited has informed the Exchange about Action(s) initiated or orders passed
RCF · price
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Awaiting price reaction for this filing.
Rashtriya Chemicals and Fertilizers has received a GST order from the Joint Commissioner, GST Mumbai, imposing a total demand of Rs. 8,57,99,275 (approximately Rs. 8.58 crore). This includes a tax demand of Rs. 4.28 crore, an equal penalty of Rs. 4.28 crore, and interest of Rs. 1.56 lakh. The dispute relates to tax on the Reverse Charge Mechanism for the period April 2018 to March 2023. The order was received on December 31, 2025. The company has stated it intends to file an appeal against the order.
The Rs. 8.58 crore demand is not material relative to RCF's overall scale of operations, but it is a notable tax dispute. Until the appeal outcome, no immediate cash outflow is required, so near-term impact on the stock should be limited. However, if the appeal fails, it could dent earnings by that amount.