GST authority imposes Rs 53.47 lakh penalty over invoice reporting delays
THERMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Thermax received a GST assessment order from the Joint Commissioner of Central GST Pune-I on November 4, 2026. The order imposes a Rs 53.47 lakh penalty for delayed reporting of tax invoices for FY 2022-23. The company plans to appeal the demand, and no impact on operations is stated.
The penalty could weigh on earnings, but Thermax plans to appeal it. No impact on operations is reported.