Jubilant Ingrevia Limited Receives Tax Appeal Order Regarding GST Demand for FY 2017-18
Jubilant Ingrevia Limited has received an order from the Additional Commissioner, State Tax, Moradabad, confirming a demand for Goods and Service Tax (GST), along with associated penalty and interest for the financial year 2017-18.The demand relates to an alleged wrong availment and utilization of Transitional Input Tax Credit, which the authorities claim violated Section 16 of the GST Act (s), 2017. The order was received by the company on May 4, 2026.
The confirmed demands and details of the order are presented below:
| Authority | Action Taken | Tax Demand Confirmed (FY 2017-18) | Penalty Confirmed | Details of Violation |
|---|---|---|---|---|
| Additional Commissioner, Grade 2 (Appeals), State Tax, Moradabad, Uttar Pradesh | Order in Appeal | Rs. 1,01,84,776/- | Rs. 101,84,776/- | Alleged Wrong availment and utilisation of Transitional Input Tax Credit in violation of Section 16 of the GST Act (s), 2017 |
Jubilant Ingrevia Limited stated that it maintains a strong defense on the merits of the case. Consequently, the company confirmed that it will proceed with filing an appeal against the impugned order before the GSTAT. The company also noted that the reported issue carries no material financial or operational impact.
JUBLINGREA Stock Price Movement
Today, Jubilant Ingrevia Limited shares settled at ₹726.5, marking a gain of 1.45% in after-hours trading. The stock closed near its daily high of ₹727.85 on heavy activity, trading a total volume of 109,128 shares today.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.