Tax Demand Dropped Against Honda India Power Products Limited in Chhattisgarh
Honda India Power Products Limited has received favorable news regarding a tax dispute, as an order has been passed by the Joint Commissioner of State Tax in Raipur, dropping a previous demand raised under Section 73 of the CGST Act, 2017.The action relates to an appeal filed by the company against a demand initially issued by the Assistant Commissioner of State Tax, Jurisdiction- Raipur- 3: Raipur Division -1: Chhattisgarh. The communication regarding this favorable order was received by the company on June 22, 2026.
The original dispute involved allegations concerning ITC excess availed for the fiscal year 2019-20, which were reported on November 28, 2024.
A breakdown of the demand raised against the company includes:
| Component | Amount (Rs.) |
|---|---|
| ITC Excess Availled | 3,32,048/- |
| Interest | 1,75,703/- |
| Penalty | 33,205/- |
| Total Demand | 5,40,956/- |
The Company successfully appealed the initial assessment order. The Joint Commissioner of State Tax (Appeal) Raipur, Chhattisgarh, allowed the appeal, resulting in the demand being dropped.
Regarding the impact of this tax matter, the company stated that there is no material impact on its finances or operations following the intimation regarding the tax payable.
HONDAPOWER Stock Price Movement
Honda India Power Products Limited shares finished the day in positive territory, gaining 3.91% to settle at ₹2271 today. The stock traded within an intraday range defined by a low of ₹2185 and a high of ₹2310, with total volume reaching 19,772 shares.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.
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