Deepak Fertilisers and Petrochemicals Corporation Limited has received an order imposing a penalty from the Joint Commissioner of State Tax (JC-Appeals), Pune. The total demand was Rs.95,60,58,493/-. The company is contesting the order, stating that the demand is not tenable and plans to challenge it at an appropriate forum. The order was received on January 13, 2026.
Order Details
Deepak Fertilisers has received an order from the Joint Commissioner of State Tax (JC- Appeals) in Pune. The order, reference number ZD2701260615884, was issued on January 13th, 2026.
Financial Impact and Adjustments
The total demand initially stood at Rs.95,60,58,493/-; however, adjustments were made:
- The tax demand was reduced from Rs.40,44,38,370/- to Rs.34,38,24,264/-.
- The interest was reduced from Rs.57,07,71,223/- to Rs. 56,27,86,306/-.
- The penalty was reduced from Rs.5,61,67,673/- to Rs. 4,94,47,923/-.
Company’s Response
Deepak Fertilisers has stated that the order relates to a disallowance of input tax credit due to non-reflection in GSTR2A, deeming it an ineligible credit. The company believes the demand is not justified and intends to challenge the order through an appeal. The company will be contesting the order at an appropriate forum. According to the company, there is no material impact on the financials, operations, or other activities.
Source: BSE
