Hindustan Zinc has received an order imposing a penalty of ₹70,45,448, along with applicable interest, related to the disallowance of Input Tax Credit. The disallowance pertains to input services from April 2018 to March 2023. The company intends to appeal the order, expecting a favorable outcome and no material financial impact.
GST Penalty Order Received
Hindustan Zinc has received an order from the Assistant Commissioner of the Central Goods and Service Tax – Udaipur imposing a penalty of ₹70,45,448 along with applicable interest. The order, dated September 30, 2025, was received by the company on October 11, 2025.
Details of Disallowance
The penalty arises from the disallowance of Input Tax Credit (ITC) concerning input services utilized between April 2018 and March 2023.
Company’s Response
Hindustan Zinc plans to appeal the order before the Appellate Authority within the stipulated timeframe under GST Law. Based on the merits of the case, the company anticipates a positive resolution and does not foresee any significant financial repercussions resulting from this order.
Source: BSE
