Reliance Industries has received an order imposing a penalty of ₹56.44 crore. The order pertains to a disagreement over input tax credit classification. The company intends to appeal the order, asserting that the tax credit was incorrectly interpreted. The financial impact is limited to the penalty amount, with no anticipated effect on ongoing operations. The company received the order on November 27, 2025.
Penalty Imposed
Reliance Industries has been issued an order resulting in a penalty of ₹56.44 crore. This was communicated in an announcement dated November 28, 2025.
Details of the Order
The penalty stems from a disagreement related to input tax credit. According to the order, the input tax credit was misinterpreted. The Company intends to challenge this classification via an appeal.
Impact Assessment
The financial consequence of this order is limited to the ₹56.44 crore penalty. The company anticipates that this order will not affect normal business operations.
Order Receipt
Reliance Industries received the order on November 27, 2025, at 11:04 a.m. (IST).
Source: BSE