Hindustan Zinc receives GST penalty order of ₹45.98 Lakhs; plans appeal.
Hindustan Zinc Limited received a GST penalty order of ₹45,98,335, including tax demand and interest, for availment of Input Tax Credit during FY 2018-19 and 2019-20. The company plans to appeal the order, stating it does not expect a material financial impact.
The company has stated that they do not expect the order to have any material financial impact, and they are pursuing an appeal, suggesting the financial implications are minimal.
The company has received a penalty order, which is negative. However, they intend to appeal and do not expect a material financial impact, which mitigates the negativity, leading to a neutral sentiment.
Hindustan Zinc Limited has received an order from the Office of the Assistant Commissioner, Central Goods & Service Tax - Rudrapur, confirming a penalty of ₹45,98,335 along with a tax demand and applicable interest. This pertains to the availment of Input Tax Credit for FY 2018-19 and 2019-20, in terms of section 16 of the CGST Act, 2017 and section 20 of the IGST Act, 2017.
The order, bearing reference OIO No. 37/AC/CGST/RDR/Hindustan Zinc/2025-26, was dated December 13, 2025, and received by the Company on December 13, 2025, at 05:56 PM.
Considering the merits of the case, the Company intends to file an appeal before the Appellate Authority within the prescribed time limit. Hindustan Zinc Limited is hopeful of a favourable outcome and does not expect the said order to have any material financial impact on the Company.
What to do with a filing like this
Hindustan Zinc Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Hindustan Zinc Limited. Read the original for the full detail.