Tax & Penalty25 Apr 2026, 05:01 pm
Ceat Ltd: GST Order favors company, ₹276.7 Cr demand quashed
AI Summary
Ceat Ltd has received a favorable order regarding Goods and Services Tax (GST) from the Commissioner CGST & Central Excise, Mumbai Central, Maharashtra. The order quashes proceedings initiated against the company pertaining to alleged differential duty of ₹276.7 Cr under the Excise Act for the period March 2011 to June 2017. The competent authority has decided in favor of the company, with no tax demand, interest, or penal consequences.
Key Highlights
- Ceat Ltd receives favorable order under Goods and Services Tax Act.
- Proceedings initiated against Ceat for alleged ₹276.7 Cr differential duty quashed.
- The order results in no financial, operational, or other impact on the company.
- Commissioner CGST & Central Excise, Mumbai Central, Maharashtra issued the order.
- Communication regarding the order was received on April 24, 2026.