
Tax & Penalty29 Jul 2026, 03:57 pm
Patanjali Foods Fined ₹80.38 Lakhs by Rajasthan Tax Dept
AI Summary
Patanjali Foods Limited has received an order from the Office of the Deputy Commissioner, State Tax Department, Jaipur, Rajasthan, imposing a penalty of ₹80,37,898. The order, dated July 28, 2026, pertains to the reversal of Input Tax Credit (ITC) due to alleged excess or wrongly availed ITC and non-reversal of ineligible ITC under GST laws. The company stated that it does not expect any financial liability beyond the penalty amount and that this will not impact its financial, operational, or other activities. Patanjali Foods plans to take necessary actions to defend its case before the appellate authority.
Key Highlights
- Patanjali Foods fined ₹80.38 Lakhs by Rajasthan State Tax Department.
- Penalty relates to reversal of Input Tax Credit (ITC) under GST laws.
- Company disputes the allegations and plans to appeal.
- No significant financial or operational impact expected beyond penalty.
Price Impact
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