Tax & Penalty28 Oct 2026, 05:40 pm
Cummins India Faces ₹10.38 Cr Tax Demand & Penalty
AI Summary
Cummins India Ltd has received an order from the CGST & Central Excise Commissionerate, Jaipur, demanding ₹5,19,10,293 (Integrated Goods and Services Tax) and levying an equal penalty of ₹5,19,10,293 under GST provisions for assessment years 2020-21 to 2023-24. The total demand and penalty amount to ₹10,38,20,586. The company is currently evaluating legal remedies, including filing an appeal. Cummins India stated that the penalty levied will not have a material impact on its financials, operations, or other activities.
Key Highlights
- Cummins India received a tax demand of ₹5.19 Cr.
- An equal penalty of ₹5.19 Cr has also been levied.
- Total demand and penalty amount to ₹10.38 Cr.
- Company is exploring legal remedies, including an appeal.
- No material financial or operational impact expected.
Price Impact
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