GST Appeal Outcome: Demand Against Tamilnadu Petroproducts Limited Reduced Following Commission Ruling
Tamilnadu Petroproducts Limited has received a significant update regarding a Goods and Services Tax (GST) dispute. An appeal concerning an order passed by the Additional Commissioner of CGST & Central Excise resulted in the partial allowance of the appeal, leading to a substantial reduction in the tax demand against the company.The matter stemmed from an initial Order of Demand dated February 27, 2025, related to non-reversal of Input Tax Credit (ITC) for supplies made during Financial Year 2020-21. The original demand included a GST amount of ₹ 4,25,21,134, along with an associated penalty and interest totaling ₹ 42,49,562.
The company's appeal before the Commissioner (Appeals-I), Office of the Commissioner of GST & Central Excise, was addressed by the relevant authority. On July 24, 2026, the Commissioner issued an order that partially allowed the case.
As a result of the appellate ruling, the demand related to Input Tax Credit has been revised. The appeal sustained the ITC only up to ₹ 4,05,526. This reduction represents a material change in the financial standing related to this particular tax assessment, as confirmed by the company.
The outcome and details of the case are summarized below:
| Particular | Original Demand Status | Appealed Outcome |
|---|---|---|
| Governing Act | Section 73 of CGST Act, 2017/TNGST Act, 2017 | N/A |
| Original GST Amount | ₹ 4,25,21,134 | Reduced to ₹ 4,05,526 (excluding interest and penalty) |
| Total Original Demand | ₹ 4,67,70,696 (inclusive of interest and penalty) | N/A |
The company stated that there is no material impact on its operations or financial activities, noting that the demand reduction was achieved through the appellate process.
TNPETRO Stock Price Movement
On Friday, shares of Tamilnadu PetroProducts Limited edged higher, gaining 2.71% to settle at ₹101.03. The stock traded with a total volume of 257,739 shares during the 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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