StockWatch
·
Tyres & Rubber Products
Legal27 Aug 2026, 10:59 am

Ceat Ltd Wins CGST Appeal on INR 107 Cr Demand

AI Summary

Ceat Ltd has received an Order-in-Appeal from the Commissioner (Appeals), CGST Thane Commissionerate, Mumbai, concerning a demand of INR 107 Crore. The appeal related to the classification of supply of Tube and Flap along with Tyre as a composite supply under the CGST Act, 2017. The appellate authority ruled in favor of Ceat Ltd, classifying the matter as interpretational and deeming proceedings under Section 74 of the CGST Act unsustainable. The communication was received on August 26, 2026. As the proceedings were decided in the company's favor, there is no financial or operational impact.

Key Highlights

  • Ceat Ltd wins CGST appeal against INR 107 Cr demand.
  • Matter deemed interpretational, proceedings under Section 74 unsustainable.
  • Order-in-Appeal received from Commissioner (Appeals), CGST Thane.
  • No financial or operational impact on the company.
  • Communication received on August 26, 2026.