Jubilant Agri receives GST refund order; plans appeal
Jubilant Agri received a GST order demanding ₹1.95 crore tax and ₹19.47 lakh penalty regarding excess refund for March-October 2022. The company disputes the order, citing prior favorable rulings, and will appeal. No financial or operational impact is expected.
The company expects no financial or operational impact due to the order, as they have strong grounds to contest it on merits and will file an appeal. The amount involved, while significant, is not expected to materially affect the company's overall financial performance.
The company has received a GST demand order, which is a negative development. However, the company strongly believes the order is incorrect and plans to appeal, expecting no financial or operational impact. This stance mitigates the immediate negative sentiment.
Jubilant Agri and Consumer Products Limited has received an order from the Assistant Commissioner, GST, Chittorgarh, Rajasthan, concerning the recovery of an alleged excess GST refund for the period of March 2022 to October 2022. The order confirms a demand of ₹1,94,75,114 in tax and a penalty of ₹19,47,512 (10% of the demand amount). Interest has also been demanded but not computed in the order.
The company received this order on December 15, 2025, at 02:57 PM IST. Jubilant Agri asserts that the order is incorrect and plans to file a detailed appeal on merits before the GST Appellate Authority to contest it. The company anticipates no financial or operational impact as a result of this order.
This matter pertains to GST refund of Inverted Structure Duty for the specified period. Previously, GST authorities had sanctioned the refund, and a subsequent appeal filed by them was also held in the company's favor. However, the GST authorities reviewed the appellate order and issued a protective show cause notice, leading to the current order.
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Jubilant Agri and Consumer Products 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 Jubilant Agri and Consumer Products Limited. Read the original for the full detail.