Maruti Suzuki India Limited has been served an Adjudication Order by the Haryana GST Authority on March 31, 2026. The order pertains to a tax demand covering the period from April 2019 to March 2024 related to the misuse of Tax Credit Notes. The total demand, including interest and penalty, amounts to Rs. 384.17 million. The company intends to appeal this decision to the first appellate authority, noting that there is no major impact on current operations.
Regulatory Compliance Update
Maruti Suzuki India Limited formally informed the stock exchanges on 31st March 2026 regarding the receipt of an Adjudication Order from the Haryana GST Authority. This notice was submitted under the applicable disclosure requirements.
Details of the GST Demand
The Adjudication Order was passed by the Haryana GST Department concerning liabilities identified during the financial years spanning April 2019 to March 2024. The core issue revolves around GST liability resulting from the use of Tax Credit Notes.
Key Financial Implications
The order confirms a tax demand totaling Rs. 384.17 million. This figure is further broken down to include:
- The principal tax demand amount.
- Applicable interest charges.
- An equal penalty amount, also calculated at Rs. 384.17 million.
Company Response and Outlook
Maruti Suzuki India Limited has confirmed its strategy following the receipt of this order. The company has stated its intention to file an appeal against this order with the first appellate authority immediately. Crucially, management has assessed the situation and concluded that there is no major impact on the financial, operational, or other key activities of the listed entity resulting from this specific order at this time.
Source: BSE
