
MOIL Limited Receives Order Regarding Tax Discrepancies
Nagpur – April 1, 2026 – MOIL Limited, a Government of India enterprise, announced today that it has received an order from the Joint Commissioner of State Tax, Chhindwara Division, Jabalpur Zone, Madhya Pradesh. The order, dated March 31, 2026, relates to alleged discrepancies between GSTR-1, GSTR-3B, and E-way Bill data, as well as Input Tax Credit (ITC) related issues for the financial year 2022-23.The order, issued under Section 73 of the CGST/SGST Act, 2017, includes a total demand of ₹12,768,306. This comprises ₹11,607,551 in IGST and a penalty of ₹11,607,555. Interest is pending computation as of the payment date. The alleged discrepancies are attributed to factors such as stock transfers, inter-unit transfers, capitalization of capital goods, and timing differences.
According to the company, the demand does not have an immediate operational impact. MOIL Limited is currently reviewing the order and intends to pursue appropriate legal action, including filing an appeal under the GST Act.
Source:
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.