Rane Holdings Subsidiary Receives Tax Order: Appeal Filed Over GST Dispute Amounting Rs 7.46 Crores
Rane Steering Systems Private Limited (RSSL), a wholly owned subsidiary of Rane Holdings Ltd, has received an order from the Deputy Commissioner (CT) in Chennai (South). The communication concerns an appeal filed by RSSL under Section 107(1) of the TNGST Act, 2017.The authority handled RSSL’s appeal and issued an order that partly allowed, partially dismissed, and partly modified the case. Matters that were dismissed include tax liability related to the reverse and forward charge mechanism on certain expenses, as well as issues concerning Input Tax Credit (ITC) on trade payables. The communication was received by RSSL on July 20, 2026.
The total financial implication noted in the order stands at Rs 7.46 Crores, which includes a penalty amount of Rs 0.38 Crores. RSSL has been imposed with a penalty of Rs 0.38 Crores related to the communication.
The company detailed that the appeal was originally filed against an order passed by the Assistant Commissioner (ST), Royapettah, Assessment Circle under Section 73 of the GST Act, 2017 on August 25, 2024. RSSL has confirmed that it intends to file a further appeal before the appropriate authority within the prescribed timelines, after consultation with its consultants and tax advisors.
The key financial outcomes resulting from the regulatory communication are summarized below:
| Aspect | Details |
|---|---|
| Total Financial Implication | Rs 7.46 Crores |
| Penalty Sanctioned | Rs 0.38 Crores |
| Scope of Dispute | Tax liability on reverse & forward charge mechanism and ITC on trade payables |
RANEHOLDIN Stock Price Movement
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