CEAT Secures Favorable Order in Appeals Regarding CGST Act
CEAT Limited has received an Order-in-Appeal from the Commissioner (Appeals), CGST Thane Commissionerate, Mumbai, regarding a matter under the Central Goods and Services Tax Act, 2017. The order has been adjudicated in favor of the company, addressing a dispute related to the supply of Tube and Flap alongside Tyre.The decision concerns a demand of INR 107 Crore that had been levied against the company. The ruling determined that the matter was an interpretational issue, concluding that the proceedings under Section 74 of the CGST Act were unsustainable.
The outcome of the proceedings resulted in no impact on the financials, operations, or other activities of CEAT Limited.
Key details regarding the tax dispute and the resolution are presented below:
| Aspect | Detail |
|---|---|
| Authority | The Commissioner (Appeals), CGST Thane Commissionerate, Mumbai |
| Date of Order Receipt | August 26, 2026 |
| Matter Under Dispute | Supply of Tube and Flap along with Tyre as a composite supply under CGST Act |
| Alleged Demand | INR 107 Crore |
| Outcome | Adjudicated in favor of the Company |
| Financial Impact | No impact on financials or operations |
CEATLTD Stock Price Movement
As of 11:29 AM, shares of CEAT Limited are slipping by 0.82% in live trading, currently at ₹3554.8 as they shed ₹29.50 from the previous close. The stock has seen considerable intraday activity, with a volume of 9,597 shares traded so far into the morning session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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