Legal23 Oct 2026, 07:30 pm
IRFC: GST Authority Drops ₹549.32 Cr Demand Notice
AI Summary
Indian Railway Finance Corporation Ltd (IRFC) has received a significant update regarding a Goods and Services Tax (GST) matter. The Assistant Commissioner of State Tax, Delhi Zonal Unit, has passed an order on October 23, 2026, resulting in a Nil demand on a previously issued show cause notice (SCN). Consequently, the SCN amounting to ₹549.32 crores has been dropped. This development is a positive outcome for IRFC, resolving a substantial potential financial liability.
Key Highlights
- GST Authority drops ₹549.32 Cr demand notice against IRFC.
- Order passed on October 23, 2026, confirms Nil demand.
- Previous show cause notice amounting to ₹549.32 crores is dropped.
- No litigation against key management or promoter involved.
- No settlement terms or financial impact reported.
Price Impact
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