Tax & Penalty22 Aug 2026, 04:20 pm
Escorts Kubota Faces ₹2.44 Cr GST Demand; Plans Appeal
AI Summary
Escorts Kubota Ltd has been ordered by the Assistant Commissioner of GST, Chennai, to pay a tax demand of ₹2,44,46,239 for the Financial Year 2022-23. The demand, related to input tax credit reconciliation, also includes interest of ₹1,71,19,066 and a penalty of ₹24,44,624. The company has stated its intention to file an appeal against this order. The disclosure was made in compliance with SEBI (LODR) Regulations, 2015, with the event date specified as August 21, 2026.
Key Highlights
- GST demand of ₹2.44 Cr issued for FY23.
- Interest and penalty amount to ₹1.71 Cr and ₹0.24 Cr respectively.
- The demand is related to input tax credit reconciliation issues.
- Escorts Kubota plans to file an appeal against the GST order.
- Disclosure made as per SEBI (LODR) Regulations, 2015.
Price Impact
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