Torrent Power faces ₹189.42 Crore GST demand and penalty
Torrent Power received a demand order for ₹94.71 Crore CGST and ₹94.71 Crore SGST, totaling ₹189.42 Crore, for the period April 2019-September 2024. A penalty of ₹189.42 Crore was also imposed. The company plans to appeal the order, stating no material financial impact.
Although the company states there is no material financial impact and intends to appeal, the substantial demand and penalty amount warrant a medium impact assessment due to potential legal costs and the uncertainty until the appeal is resolved.
The company has received a significant demand order and penalty from GST authorities, which is a negative development.
Torrent Power Limited has announced receiving a demand order dated March 27, 2026, from the Office of the Additional Commissioner, Agra, Lucknow, concerning CGST & SGST for the period of April 2019 to September 2024. The order, referencing a prior order from the Office of The Principal Commissioner, CGST & Excise, Agra, demands ₹94.71 Crores in CGST and ₹94.71 Crores in SGST, totaling ₹189.42 Crores. This demand is under provisions related to GST on rent for immoveable properties and associated services.
Furthermore, the department has imposed a penalty of a similar amount, ₹94.71 Crores for CGST and ₹94.71 Crores for SGST, also totaling ₹189.42 Crores. The company stated that it will challenge this order and file an appeal. Torrent Power Limited has indicated that there is no material financial impact on the company as a result of this order, as they intend to contest it through legal channels.
What to do with a filing like this
Torrent Power Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. 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 Torrent Power Limited. Read the original for the full detail.