Escorts Kubota has received a tax demand order from the Assistant Commissioner of State Tax in Pune, Maharashtra. The order confirms a tax demand of ₹1,76,29,853, along with interest of ₹1,46,58,378 and a penalty of ₹17,62,985. The demand pertains to the eligibility of input tax credit. The company plans to appeal the order.
Tax Demand Notification
Escorts Kubota has been notified of a tax demand order issued by the Assistant Commissioner of State Tax, Pune South, Maharashtra. The order, dated December 29, 2025, addresses the issue of input tax credit eligibility.
Financial Implications
The tax demand includes the following components:
- Tax Demand: ₹1,76,29,853
- Interest: ₹1,46,58,378
- Penalty: ₹17,62,985
The total financial impact of the order amounts to ₹3,40,51,216.
Company Response
Escorts Kubota intends to appeal the order before the appropriate appellate authority. The company is taking necessary steps to address the matter.
Source: BSE
