GST Order Revision for CEAT Limited: Confirmed Demand Reduced After Review
CEAT Limited has reported a revision in the Goods and Services Tax (GST) demand related to the Financial Year 2019-20, following an order passed by the State Tax Officer, Group-VIII, Intelligence-II Chennai-6, Tamil Nadu. The rectified order substantially reduced the previously quantified tax and penalty amounts.The communication, received by authorized officers on June 3, 2026, pertains to GST demand arising from the alleged availment and utilisation of ineligible input tax credit. This development is a revision of earlier intimation regarding this matter made on March 30, 2026.
As per the rectified order (DRC- 08) issued by the authority, the confirmed financial obligations have been adjusted. Initially, the demand involved Tax amounting to Rs 4.7 Crore and a penalty of Rs 4.7 crore, in addition to applicable interest. The revised order has reduced this burden significantly.
The key details regarding the GST demand before and after the revision are summarized below:
| Financial Detail | Original Claim (Previous Intimation) | Rectified Demand (June 3, 2026 Order) |
|---|---|---|
| Confirmed Tax Amount | Rs 4.7 Crore | Rs 3.2 Crores |
| Penalty Amount | Rs 4.7 Crore | Rs 3.2 Crore |
The company confirmed that it is exploring the option of filing an appeal against the matter. CEAT Limited stated that it believes there will be no material impact on the financials, operations, or other activities of the Company following this development.
CEATLTD Stock Price Movement
CEAT Limited shares edged higher today, closing at ₹3218.2 after gaining 1.06%. The stock saw active trading as 78,077 shares transacted throughout the day.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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