Legal26 Aug 2026, 09:30 pm
Punjab Chemicals Wins ₹44.96 Cr IGST Refund Litigation
AI Summary
Punjab Chemicals & Crop Protection Ltd has received a favourable order from the Hon'ble Punjab and Haryana High Court regarding a litigation concerning the refund of approximately ₹44.96 crore of IGST. The court disposed of the company's writ petition in line with a previous Bombay High Court judgment. This development provides relief to the company, as no liability towards the IGST demand, including potential interest and penalty, is expected to crystallize, subject to the GST Authority updating its records. The company is taking necessary steps to implement the order.
Key Highlights
- High Court rules favourably on ₹44.96 Cr IGST refund litigation.
- Company relieved from potential IGST demand, interest, and penalty.
- No financial liability expected from the IGST demand.
- Company is proceeding with GST Authority for record updation.
Price Impact
More from PUNJABCHEM