Kirloskar Oil Engines Limited Receives Order Regarding GST Tax Demand
Kirloskar Oil Engines Limited announced on March 21, 2026, that it received an Order-in-Appeal from the Office of Joint Commissioner of State Tax, Pune, Maharashtra, regarding Goods and Services Tax (GST) for fiscal year 2019-20.The order pertains to a GST Input Tax Credit (ITC) mismatch and ITC disallowance. The demand includes Rs. 22,133,563 in interest, Rs. 190,840,98 in tax, and Rs. 19,084,09 in penalty, totaling Rs. 233,058,64.
According to the company, the order does not foresee any material impact on its financial, operations, or other activities. Kirloskar Oil Engines Limited has stated it will file a second appeal before the appropriate authority within the prescribed timelines.
| Particulars | Description |
|---|---|
| Authority | Department of Goods and Service Tax Office of the Joint Commissioner of State Tax |
| Details of Action | Demand of: Interest of Rs. 2,21,33,563/-; Tax of Rs. 1,90,84,098/-; Penalty of Rs. 19,08,409/- |
| Date of Order | 20th March 2026 |
| Details of Violation | For GST ITC Mismatch and ITC disallowance for FY 2019-20 |
| Impact on Activities | The Company does not foresee any material impact on its financial, operations or other activities and the Company is in process of filing second appeal before the appropriate authority within prescribed timelines |
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