Mahindra Logistics Receives GST Tax Demand of ₹22.40 Crore for FY19 to FY24; Flags No Material Financial Impact

Mumbai, December 31, 2025
Mahindra Logistics Limited (NSE: MAHLOG | BSE: 540768) has received a tax order imposing a GST demand of ₹22.40 crore along with an equivalent penalty of ₹22.40 crore, relating to assessments for six financial years from FY2018-19 to FY2023-24.

Details of the Order​

The order has been issued by the Additional Commissioner, GST and Central Excise, Mumbai East Commissionerate. It pertains to services that were tagged by certain vendors under the Reverse Charge Mechanism instead of being treated as exempt services while filing GSTR-1 returns for the relevant periods. This resulted in an alleged GST demand on the company, along with the levy of penalties.
The order is dated December 24, 2025 and was received by the company through an email intimation on December 30, 2025 at 4:01 pm IST.

Financial Exposure​

The company stated that the above amounts will be disclosed as contingent liabilities in its financial statements.

Company Assessment​

Based on its assessment, the prevailing legal position, and advice from counsel, Mahindra Logistics stated that it is hopeful of a favourable outcome at the next level of adjudication. The company has indicated that it does not reasonably expect the order to have any material impact on its financial position or operations.

About the Company​

Mahindra Logistics Limited is an integrated logistics solutions provider in India, offering services across supply chain management, warehousing, transportation, and people logistics. The company is part of the Mahindra Group and is listed on the National Stock Exchange of India and BSE.