Legal26 Feb 2026, 05:31 pm
IRCON International Ltd Receives Judgement on Ganga Bridge Project VAT Assessments, Faces Rs. 81.36 Crore Demand
AI Summary
IRCON International Ltd has received a judgement from the Hon’ble High Court of Patna in respect of the VAT assessments for the years 2010-11 to 2016-17 pertaining to the Ganga Bridge Project executed by IRCON. The judgement, dated 25th February 2026, dismissed a writ petition filed by IRCON, upholding the assessing authority's demands. The total demand stands at Rs. 108.75 crore, out of which IRCON has already deposited Rs. 27.39 crore. The net outstanding amount, exclusive of upto date interest yet to be calculated by the VAT department, is Rs. 81.36 crore. IRCON is currently reviewing the detailed order and will pursue appropriate further actions, including an appeal to a higher court.
Key Highlights
- IRCON International Ltd received a judgement from the Hon’ble High Court of Patna in respect of the VAT assessments for the years 2010-11 to 2016-17 pertaining to the Ganga Bridge Project.
- The total demand stands at Rs. 108.75 crore, out of which IRCON has already deposited Rs. 27.39 crore.
- The net outstanding amount, exclusive of upto date interest yet to be calculated by the VAT department, is Rs. 81.36 crore.
- IRCON is currently reviewing the detailed order and will pursue appropriate further actions, including an appeal to a higher court.