Jubilant Ingrevia Limited has received an appeal order from the Additional Commissioner of State Tax, Moradabad, regarding the transitional credit for the 2017-18 financial year. The order demands a tax payment of ₹1.01 crore along with an equivalent penalty and applicable interest. The company maintains that it has a strong case and intends to challenge this decision by filing an appeal before the Goods and Services Tax Appellate Tribunal (GSTAT).
Understanding the Tax Demand
The company recently received an order dated May 4, 2026, concerning the alleged incorrect availment and utilization of transitional input tax credit. The order specifies a confirmed tax demand of ₹1,01,84,776. In addition to the principal tax amount, the authorities have levied an equal penalty of ₹1,01,84,776, plus applicable interest charges.
Company Stance and Next Steps
Jubilant Ingrevia has reviewed the order and stated that it plans to pursue legal recourse to contest these findings. Management has expressed confidence in the company’s position, asserting that there is a strong legal basis to defend the matter on its merits. The company is currently finalizing the necessary steps to file a formal appeal with the Goods and Services Tax Appellate Tribunal (GSTAT).
Impact Assessment
Despite the order, the company has confirmed that there is no material financial or operational impact expected on its business activities. The management remains committed to resolving the matter through the established judicial channels and continues its regular operations without interruption.
Source: BSE
