Reliance Industries fined ₹15.38 Lakh by Gujarat GST authorities
Reliance Industries Limited received an order from the Assistant Commissioner of State Tax, Junagadh, levying a penalty of ₹15,38,402 for alleged incorrect availment of input tax credit. The company plans to appeal the order. The financial impact is limited to the penalty, with no impact on operations.
The penalty amount is relatively small for a company of Reliance's size, and the company has stated there is no impact on its operations.
The company has been levied a penalty by tax authorities, which is a negative development.
Reliance Industries Limited has received an order dated March 30, 2026, from the Assistant Commissioner of State Tax, Junagadh. The order levies a penalty of ₹15,38,402 on the Company under Section 74 of the Gujarat Goods and Services Tax, 2017, the Central Goods and Services Tax Act, 2017, read with applicable provisions of the Integrated Goods and Services Act, 2017.
The penalty has been imposed alleging incorrect availment of input tax credit by the Company. Reliance Industries Limited intends to file an appeal against this order.
The financial impact of the order is limited to the penalty levied. The company has stated that there is no impact on its operations or other activities due to this order. The company received intimation of the order on March 30, 2026, at 1:52 p.m. (IST).
What to do with a filing like this
Reliance Industries 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 Reliance Industries Limited. Read the original for the full detail.