Torrent Power Receives Demand Order for ₹94.71 Crs from Tax Authorities
Torrent Power Limited announced it received a demand order from the Office of the Additional Commissioner, Agra, Lucknow, CBIC, Uttar Pradesh, on March 27, 2026. The order, referencing a previous order dated March 25, 2026, from the Office of The Principal Commissioner, CGST & Excise, Agra, pertains to a demand of ₹94.71 Crs in CGST & SGST for the period from April 2019 to September 2024. This demand is related to GST on rent on immovable properties and incidental services. A penalty of a similar amount, totaling ₹94.71 Crs, was also imposed.The breakdown of the demand is detailed below:
| Particulars | Details |
|---|---|
| CGST | ₹47,35,55,749 |
| SGST | ₹47,35,55,749 |
| Total (CGST & SGST) | ₹94,71,11,498 |
| Penalty (CGST) | ₹47,35,55,749 |
| Penalty (SGST) | ₹47,35,55,749 |
| Total (Penalty) | ₹94,71,11,498 |
| Grand Total | ₹189,42,22,996 |
The company intends to challenge the order and file an appeal. Torrent Power stated there is no material financial impact resulting from this demand.
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