CEAT Ltd Faces INR 4.7 Cr Demand from GST State Tax Officer for Alleged Input Tax Credit Availment in FY 2019-20

CEAT Limited has informed the Exchange about an order from the GST State Tax Officer, Group-VIII, Intelligence-II Chennai-6, Tamil Nadu, confirming a demand of INR 4.7 Cr for the Financial Year 2019-20. This is due to alleged availment and utilisation of ineligible input tax credit, along with an equal amount of penalty of INR 4.7 Cr and applicable interest. The communication was received on March 30, 2026. The Company is considering appealing the decision, stating that there is no material impact on the financials, operations, or other activities.