Escorts Kubota Limited is contesting an order from the Superintendent (Adjudication), CGST Commissionerate, Faridabad. The order drops a previous service tax demand of ₹1,55,93,215 but confirms a new demand of ₹8,25,59,276, including education cess and applicable interest, along with a penalty of ₹8,25,60,276 on taxability issues. The company plans to file an appeal against this decision.
Escorts Kubota Contests Tax Order
Escorts Kubota Limited has received an order from the Superintendent (Adjudication), CGST Commissionerate, Faridabad, on August 11, 2026. While the order drops a prior service tax demand of ₹1,55,93,215 (including education cess) for the period 2007-08 to 2013-14, it simultaneously confirms a new service tax demand of ₹8,25,59,276 (including education cess). This confirmed demand also includes applicable interest and a penalty amounting to ₹8,25,60,276, related to taxability issues on certain transactions.
Appeal Planned Against Tax Demand
The company intends to challenge this order by filing an appeal before the appellate authority. The disclosure, made in compliance with SEBI Listing Regulations, highlights the potential financial implications of this tax demand and penalty. The event date for this disclosure is noted as August 14, 2026, at 04:24 P.M. (IST).
Source: BSE
