Tax & Penalty2 Sept 2026, 05:40 pm
Ceat Ltd GST Appeal Dismissed, Tax Demand Revised to ₹3.84 Cr
AI Summary
Ceat Ltd has received an order from the GST Commissioner (Appeals) in Bhubaneswar, Odisha, regarding a GST demand for FY 2020-21. The company's appeal was not allowed, and the department's cross-appeal was accepted, leading to the withdrawal of earlier relief amounting to ₹0.78 Cr. Consequently, the total tax demand has been revised upwards to ₹3.84 crore, plus applicable interest and penalty. The communication was received on September 2, 2026. Ceat Ltd is evaluating the order and considering an appeal before the GST tribunal, stating that there is no material impact on its financials or operations.
Key Highlights
- GST appeal dismissed by Commissioner (Appeals), Bhubaneswar.
- Tax demand revised to ₹3.84 Cr from ₹3.06 Cr, plus interest and penalty.
- Earlier relief of ₹0.78 Cr withdrawn due to department's cross-appeal.
- Company evaluating further appeal to GST tribunal.
- No material impact on financials or operations anticipated.
Price Impact
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