Escorts Kubota Limited disclosed that the State Tax Officer of GST, Bhopal Division-1, Madhya Pradesh, has confirmed a tax demand of ₹10,02,652/-. This demand, arising from a technical bug causing duplicate E-way bill generation, also includes an equal amount as interest and a penalty. The company intends to challenge this order by filing an appeal before the appellate authority. The event occurred on March 28, 2026.
Confirmation of Tax Liability
Escorts Kubota Limited has officially notified the stock exchanges regarding an order received from the State Tax Officer of GST, Bhopal Division-1, Madhya Pradesh. The order, dated March 28, 2026, confirms a tax demand amounting to Rs. 10,02,652/-. This liability stems from issues related to the generation of duplicate E-way bills attributed to a technical bug on the government portal.
Penalties and Interest
In addition to the confirmed tax demand, the order also levies an equal amount of Rs. 10,02,652/- towards applicable interest and an additional penalty for the same contravention. The total financial implication detailed in the order is therefore significant, quantified in the annexure as impact on the entity’s activities.
Company’s Remedial Action
The Company Secretary confirmed that the matter will not rest with this ruling. Escorts Kubota Limited has stated its intention to file an appeal against the order issued by the GST authority. This appeal process will be directed towards the designated appellate authority, seeking relief from the confirmed tax, interest, and penalty demands.
Event Timeline
The date and time the company became aware of this order occurrence was precisely on March 28, 2026, at 14:07 P.M. (IST). The requisite regulatory disclosure has been completed and enclosed as Annexure I detailing the nature of the action and the relevant monetary quantification as per regulatory requirements.
Source: BSE
