Reliance Industries Receives Penalty Order from Gujarat State Tax Authority
Reliance Industries Limited announced it has received a penalty order from the Assistant Commissioner of State Tax in Junagadh, Gujarat, dated March 30, 2026. The order levies a penalty of Rs. 15,38,402 under Section 74 of the Gujarat Goods and Services Tax, 2017.The penalty is related to an allegation of incorrect availment of input tax credit by the company. Reliance Industries intends to file an appeal against the order.
According to the company, the financial impact of the order is limited to the amount of the levied penalty. The order is not expected to affect the company's operations or other activities.
The company received notification of the order via email on March 30, 2026, at 1:52 p.m. (IST).
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