Apollo Tyres Ltd Receives Penalty Order of Rs 15.10 lacs in GST Dispute Over E-way Bill
Apollo Tyres Ltd, a leading tyre manufacturer, reported receiving an order from the Assistant Excise and Taxation Officer, Haryana (GST), concerning a dispute related to E-way Bills. The company stated that the authority passed an order levying a penalty of Rs 15.10 lacs.The order was received by Apollo Tyres Ltd on April 13, 2026. The dispute primarily revolves around issues concerning E-way Bills.
Apollo Tyres Ltd provided details of the enforcement action in an annexure outlining the specifics of the penalty.
| Particulars | Details |
|---|---|
| Name of the Authority | Assistant Excise and Taxation Officer, Haryana (GST) |
| Penalty Order Passed | Levying penalty of Rs 15.10 lacs under GST Act |
| Date of Order Receipt | April 13, 2026 |
| Violation Details | Dispute regarding E-way Bill |
The company noted that while the penalty order has been received, it does not foresee any material impact on its financial, operational, or other activities. Apollo Tyres Ltd confirmed that it will file an appeal before the Appellate Authority in due course to contest the levied penalty.
APOLLOTYRE Stock Price Movement
On Monday, Apollo Tyres Limited shares slipped by 1.22% to settle at ₹432.4. The stock saw robust trading activity, with 669,776 shares transacting during the session.Source:
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