Transrail Lighting Limited Receives Tax Order from Chennai Deputy Commissioner Appeals
Transrail Lighting Limited recently received an Order in Appeal from the Office of the Deputy Commissioner Appeals, Chennai (Central). The communication, received on May 20, 2026, relates to the enforcement of the CGST/TNGST Act, 2017, for the financial year 2019-20.The communication pertains to an appeal passed under Section 73 and 122(1)(xiv) read with Section 73 of the CGST/TNGST Act, 2017. The order confirms demands totaling INR 8,23,37,102/- for tax under Section 73 and a penalty of Rs 42,74,03,710/- under Section 122(1)(xiv).
A detailed summary of the order and its context is provided below:
| Detail | Description |
|---|---|
| Authority | Office of the Deputy Commissioner Appeals, Chennai (Central) |
| Date of Receipt | May 20, 2026 |
| Applicable Period | FY 2019-20 |
| Subject of Appeal | Order in Appeal passed U/s 73 and 122(1)(xiv) read with section 73 of CGST/TNGST Act, 2017 |
| Identified Issues | The matter relates to GST TDS mismatch, ITC Mismatch, and RCM mismatch. |
| Demands Confirmed | Tax of INR 8,23,37,102/- (u/s 73) and Penalty of Rs 42,74,03,710/- (u/s 122(1)(xiv)) |
| Expected Financial Impact | The company stated there is no material impact on financial, operations, or other activities. |
Regarding the findings of the authority, the matter focuses on discrepancies including GST TDS mismatch, ITC Mismatch, and RCM mismatch.
In response to the order, Transrail Lighting Limited stated that it is exploring various options to challenge the directive. The company expressed confidence in contesting the matter based on the facts, strength, and merits of its case under the prevailing GST law. The order confirmed no restrictions or penalties were imposed by the authority.
TRANSRAILL Stock Price Movement
Shares of Transrail Lighting Limited are edging higher to ₹497.55 as of 2:50 PM today, gaining 0.29% in live trading. Trading remains robust, with the stock posting a volume of 653,343 shares so far.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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