Jubilant Ingrevia faces ₹2.03 Cr GST demand with appeal planned
Jubilant Ingrevia Limited received an order confirming a GST demand of ₹1,01,84,776 and a penalty of ₹1,01,84,776 for FY 2017-18. The company plans to appeal the order before the GSTAT, stating no material financial or operational impact.
The company has stated that there is no material financial or operational impact and believes they have a strong case to defend.
The company has received a confirmed demand for GST, penalty, and interest, which is a negative development.
Jubilant Ingrevia Limited has received an appeal order from the Additional Commissioner, State Tax, Moradabad, confirming a demand for Goods and Service Tax (GST), penalty, and interest for the financial year 2017-18. The confirmed demand includes ₹1,01,84,776 towards tax and an equal amount towards penalty, along with applicable interest.
The company intends to appeal this order before the Goods and Services Tax Appellate Tribunal (GSTAT). The order was passed on May 4, 2026, and received by the company on the same day at 19:09 pm (IST). The alleged contravention relates to the wrong availment and utilization of Transitional Input Tax Credit.
Jubilant Ingrevia Limited stated that there is no material financial or operational impact expected from this order, as they believe they have a strong case on merits to defend their position during the appeal process. The company will be posting this disclosure on its website.
What to do with a filing like this
Jubilant Ingrevia 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 Ingrevia Limited. Read the original for the full detail.