Tax & Penalty5 Jun 2026, 02:27 pm
Apollo Tyres Penalized ₹69 Lakhs by Bihar GST Authority
AI Summary
Apollo Tyres Ltd has received orders from the Deputy Commissioner, Bihar (GST) levying penalties totaling ₹69 lakhs. The penalties stem from disputes related to Input Tax Credit and E-way Bills. The company intends to file appeals before the Appellate Authority. Apollo Tyres stated that these penalties do not have a material impact on its financial, operational, or other activities.
Key Highlights
- Apollo Tyres penalized ₹69 lakhs by Bihar GST authority.
- Penalties relate to Input Tax Credit and E-way Bill disputes.
- Company plans to appeal the GST orders.
- No material impact on financial or operational activities expected.
Price Impact
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