CEAT Limited Receives Order Regarding Goods and Services Tax Demand
Mumbai - CEAT Limited announced today that it received an order from the GST State Tax Officer, Group-VIII, Intelligence-II Chennai, Tamil Nadu. The order confirms a demand of INR 4.7 crore for the Financial Year 2019-20, accompanied by an equal penalty of INR 4.7 crore and applicable interest. The demand relates to alleged availment and utilization of ineligible input tax credit.The communication regarding the order was received by CEAT Limited's authorized officers on March 30, 2026.
According to the company, it is considering an appeal regarding the matter and believes the demand will have no material impact on its financial performance, operations, or other activities.
| Sr. No. | Details of the event that need to be provided | Information of such events(s) |
|---|---|---|
| 1 | Name of the authority | The State Tax Officer, Group-VIII, Intelligence-II Chennai-6, Tamil Nadu |
| 2 | Nature and details of the action(s) taken, or order(s) passed | The GST State Tax Officer has confirmed a demand of INR 4.7 Cr for the Financial Year 2019-20, along with an equal amount of penalty of INR 4.7 Cr and applicable interest on account of alleged availment & utilisation of ineligible input tax credit. |
| 3 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | Communication received by authorized officer(s) on March 30, 2026. |
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