Schaeffler India fined ₹3.6 Crore by GST & Excise Dept; plans appeal
Schaeffler India Limited has been fined ₹3.6 Crore by the GST & Excise department for disallowance of Input Tax Credit. The company stated there is no material impact on its financials and plans to file an appeal against the order.
While the company states no material impact, a penalty of ₹3.6 Crore can still affect short-term financials and operations, necessitating an appeal process.
The company has been imposed a significant penalty by the GST and Excise department.
Schaeffler India Limited has received an order from the Additional Commissioner, Goods and Service Tax and Central Excise, Salem, Gujarat, imposing a penalty of ₹3,59,51,098 (Rupees Three Crore Fifty-Nine Lakh Fifty-One Thousand and Ninety-Eight only).
The communication, dated December 18, 2025, pertains to the disallowance of Input Tax Credit (ITC) and a demand for penalty. The company states that there is no material impact on its financials, operations, or other activities due to this order.
Schaeffler India Limited is in the process of filing an appeal with the Commissioner of Goods and Service Tax and Central Excise, Salem, Gujarat, against the said order.
What to do with a filing like this
Schaeffler India 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Schaeffler India Limited. Read the original for the full detail.