Rashtriya Chemicals and Fertilizers Limited has received a tax demand, penalty, and interest totaling ₹8.57 crore from the GST Department. The demand relates to a disputed tax on Reverse Charge Mechanism. The company may appeal the order.
Tax Demand Details
Rashtriya Chemicals and Fertilizers Limited has been notified of a tax demand from the GST Department. The total amount due is ₹8,57,99,275. This includes tax, penalties, and interest.
Basis of the Demand
The tax demand primarily concerns a disputed tax related to the Reverse Charge Mechanism.
Company’s Response
Rashtriya Chemicals and Fertilizers Limited may file an appeal against the order. This was announced on January 1, 2026.
Period Involved
The demand pertains to the period from April 2018 to March 2023.
Specifics of Demand
The tax demand amounts to ₹4,28,21,616, with a penalty of ₹4,28,21,616 and interest charges of ₹1,56,043.
Source: BSE
