Nagaur Mukundgarh Highways Private Limited, a subsidiary of GR Infraprojects, has had its writ petitions dismissed by the Hon’ble High Court of Judicature for Rajasthan at Jodhpur. The petitions challenged the applicability of CBIC Circular No. 150/06/2021-GST and the levy of GST on annuity payments received under its concession agreements. The total amount involved in this litigation was approximately ₹69.79 crore.
High Court Upholds GST Levy on Annuity Payments
In a significant development for its subsidiary, Nagaur Mukundgarh Highways Private Limited, GR Infraprojects announced that the Hon’ble High Court of Judicature for Rajasthan at Jodhpur has dismissed its writ petitions. The legal challenge primarily concerned the applicability of CBIC Circular No. 150/06/2021-GST, dated June 17, 2021, and the subsequent levy of Goods and Services Tax (GST) on annuity payments. These payments are derived from the subsidiary’s concession agreements.
Litigation Details and Financial Exposure
The Hon’ble High Court delivered its judgment on August 17, 2026, with the company receiving the notification on August 18, 2026. The aggregate amount involved in this particular litigation was substantial, amounting to approximately ₹69.79 crore. GR Infraprojects is currently evaluating the judgment with its legal advisors to determine appropriate legal remedies.
The company has confirmed that there are no other ongoing litigations involving key management personnel, its promoter, or the ultimate person in control that require specific disclosure at this time.
Source: BSE
