ONGC receives ₹111.55 crore Service Tax demand, plans appeal
The company has stated that the impact is not significant considering the size and scale of its operations, and it plans to appeal the order.
The company received a tax demand of ₹111.55 crore but plans to appeal, stating the impact is not significant given its scale of operations.
* Oil & Natural Gas Corporation Limited (ONGC) received an order on 22 July 2025 from the Commissioner of CGST & Central Excise, Navi Mumbai Commissionerate. * The order raises demands totaling approximately ₹111.55 crore, along with applicable interest and penalties. * The demands include: * ₹45,15,10,556/- for the period 19 April 2006 to 31 May 2007, related to 'Survey & Exploration of Mineral, Oil or Gas' and 'Support Services of Business or Commerce'. * ₹66,40,37,025/- for the period 01 May 2006 to 31 May 2007, for 'Support services of business or commerce services'. * ONGC contends that these services were predominantly rendered beyond 12 nautical miles (outside taxable territory) and should not be liable for Service Tax. The company also believes these services are more appropriately classifiable under 'Mining Services' or 'Supply of Tangible Goods for Use Services', which were not taxable during the relevant period. * The company will review the order and file an appeal against it to the Central Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai, within three months. * ONGC states that, considering its size and scale of operations, the financial impact of this order is not considered significant.
What to do with a filing like this
Oil & Natural Gas Corporation Limited filed this with the NSE as a statutory disclosure, categorised under legal. 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 Oil & Natural Gas Corporation Limited. Read the original for the full detail.